Real estate professionals, market watchers and long-time residents say there’s a combination of factors at play, including the pandemic and low interest rates.
When you factor in the number of sales, it works out to a one-month supply, down sharply from the usual five- to six-month supply at this time of year.
The two-bedroom, two-bathroom condo — which has the potential to generate nightly hotel revenue — was listed for $600,000.
Sparks calls it COVID fatigue.
“They’ve been working from home for a while, and they can continue to do so.
As the inventory dwindles, so do the opportuniites to find a traditional, single family, detached home.
By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses.