supply: Overall, supply is in abundance and demand is dropping, says Michael Brodrick, Chair of the REALTORS Association of Edmonton, according to The Toronto Star. We are expecting 2019 to be similar to 2018, with high inventory and lower sales continuing the downward pressure on average prices. A high level of inventory of homes for sale combined with continued weakness and uncertainty in the economy will continue to weigh heavily on the market this year as will higher interest rates and tough mortgage regulations. Inventory was very high in 2018 and we anticipate some continued high inventory levels throughout 2019. High inventory, of course, creates lower prices, fewer sales and more days on the market. Inventory will continue to be the thing that drives everything else.
(news.financializer.com). As
reported in the news.
Tagged under supply, edmonton topics.