The market remains stable with steady sales being made. The increased investor activity has continued to gather momentum with some purchasers buying multiple properties. The reduction in interest rates will fuel this trend. Some financial experts are predicting a further rate reduction in the coming months. These trends should contribute to a steady improvement in the volume of sales and a modest increase in prices in the short to mid term. Rental demand continues to be robust with vacancy rates at very low levels.
Until next time….