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Market Update January: Buyer Opportunities in 2023
Manage episode 352314752 series 2794891
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It has been an uncertain time for people wanting to enter the real estate market as interest rates have steadily been climbing. Many buyers and sellers are waiting to see what the Bank of Canada has planned in the upcoming months before committing to any major financial decisions.
Denny and Monica discuss what they have been seeing in the market and provide tips in hopes of educating buyers looking for current opportunities in real estate.
This episode will cover the importance of readjusting budgets to take on higher monthly payments, the pressure that unpredictable interest rates can have on homeowners, the impact of low supply and even lower amounts of desirable/“good” homes on the market, the prevalence of multiple offers, and the potential for equity opportunities with lower price tags versus the fear of rising interest rates.
Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel - https://www.youtube.com/channel/UCHK2L-KswYO93195yndFAmA
Email us at garbuttdumaspodcast@gmail.com
James Garbutt Instagram: https://www.instagram.com/jamesgarbutt Facebook: https://www.facebook.com/jamesgarbutt Website: https://jamesgarbutt.com
Denny Dumas Instagram: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com
Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca
Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
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