Kitchener Homes For sale-Real Estate Inventory Levels are dropping.
Real Estate inventory levels across the country are dropping and Kitchener Waterloo is no exception. Unlike last February the market has done a complete 180 degree turn. There are buyers getting into the market that wouldn’t normally move this soon for several reasons.
- the threat of higher interest rates is ever looming and at some point they are going to start to go up.
- the announcement last week by Minister Jim Flaherty tightening the lending criteria for banks and financial institutions
- the H.S.T. is just around the corner and it will bring with it a slight increase in the cost of buying a home.
Watch my video for my thoughts on how this is all going to play out and please leave your comments or thoughts.
This entry was posted on February 24, 2010 by kevinbakerrealestate. It was filed under Local Kitchener Waterloo, Video Blogs and was tagged with home buying, inventory levels, kevin baker, Kitchener waterloo, Mortgage News, Mortgage Rates, real estate.