Upcoming Event:
Pet Photos With Santa!
Get ready for some holiday fun with your furry friends! The Abodwell Team is thrilled to invite you to our Pet Photos with Santa event, now on TWO days and at TWO locations!
📅 Saturday, December 7th 🕚 11am – 1pm📍 Schill Insurance – Delta, 6435 120 Street
📅 Sunday, December 8th 🕚 11am – 1pm 📍 Schill Insurance – Ocean Park, 1597B 128 Street
Join us for a chance to get adorable holiday photos of your pets, while also supporting the SPCA with all proceeds going to this amazing cause. Photos will be sent to you digitally, so you can treasure the memories forever!
We can’t wait to see you and your pets!
A Note From Leah
Happy Holidays to our friends, neighbours and clients!
A slower season for sales (by volume) this fall resulted in a 30% increase in inventory — until the federal rate decrease moved the needle in November. With the Provincial and US elections now settled, we can expect more stability within the market. Combined with the general consensus of an impending interest rate reduction on December 11, spring 2024 should indeed be strong.
Separately, there is some rumbling about the number of 5-year fixed mortgages that are going to be struggling in terms of affordability with the new rates.
From a macro perspective, it is very difficult to time a market. I am constantly surprised by Buyers’ movements after market changes. Currently we are seeing the certainty of the elections (after a week or two to absorb and “for better or worse aside”) strengthens Buyers’ resolve. Is it because we have, at minimum, a decision made to work from? Hard to say.
From a micro perspective, neighbourhoods sell by price band and competition: do Buyers now exceed Sellers, is there more selection, did price decreases increase affordability, did interest rates affect affordability? Reviewing these factors helps to determine how quickly homes will sell and/or how quickly Buyers will buy them.
As always, we are here to decipher the details for your best outcomes. Give us a call to help you get ready for the market you are in! It takes time to prepare and details to discuss.
From all of us, we wish you a very Merry Christmas and Holiday Season. May you be blessed by the presence of your families and friends and Best Wishes for 2025!
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