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CANADIAN MARKET FOLLOWING U.S.?
Posted by V.K. [Mel] Melhado P.A. on Monday, October 13th, 2008 at 4:37pm.Canadians interested in selling their homes are suddenly finding their market looking more and more like our market here in the U.S., a strong buyer’s market, and it is a change that they aren’t liking. They are being told by their real estate agents that if they list their home, it might not sell because of the change in the market. It was just a few short months ago that the sellers were totally in control of the market and were getting the high prices they listed at.
The change in the Canadian Market begs the question as to how deep the effect will be regarding Canadians interested in purchasing South Florida real estate. There is no question that this trend will have an effect and that is certainly a huge cause for concern since it was the Canadians who supported much of the real estate buying this past summer.
With the fear in Europe causing a wait and see attitude, we don’t need that coming from our northern friends!
V.K. [Mel] Melhado PA
Downing-Frye Realty, Inc.
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