5 Key Housing Market Shifts in Courtenay You Should Know
The Courtenay real estate landscape is looking very different from what it was just a year ago. From inventory levels to buyer preferences, everything has changed. Mortgage rates have steadied between 4.5% and 4.75%, and local prices are projected to rise by 3.3%, motivating buyers who were previously hesitant during the rate hikes. Are you thinking of buying here or selling your property? Or perhaps simply want to understand where things stand so you can plan when to act? Here are five market changes worth noting. 1. Mortgage conditions are much more balanced The market isn’t swinging wildly anymore — it's neither heavily favouring sellers nor buyers. This means that sellers can’t just name their price and expect a quick sale, and buyers aren’t scrambling to put in offers out of fear that they’ll miss out. 2. Mortgage rate stability is increasing buyer confidence Mortgage rates are relatively stable right now, so if you’re buying into Courtenay real estate, you can bet...