We are entering a softer real estate market in Barrie for the next 2 ½ to 3 months. Remember you heard it here first . . . There are many factors at play, one being we had a very strong first half of the year with a lot of “buyer influence” which has been used up. The continuing economic unrest in Europe is factoring into this as we are reminded of it on every newscast. And the revised mortgage rules that make mortgages more expensive and less attainable for consumers looking to get started or make a move up, and you can rest assured this is “cold water on a hot fire” I am not sure this is a bad thing: a little cooling off is needed. So all we can do is be informed and act smartly, do your homework.
I am by no means a mortgage specialist but I work with some really smart people that are, if you would like me to recommend some names I would happy to.