Happy New Year! 2017 brought with it a roller coaster ride for the real estate market and many changes implemented by the government to try and correct the fluctuation. Rich recaps 2017 and looks ahead to what’s in store for 2018.
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Bright says:
Thanks, I think Barrie already started to experience some sort of downhill as many have predicted, mainly due to that stress test thing. I’ve seen higher end properties are hit the worst. Middle priced units are hit less I think.
The Fournier Team says:
The peak of the market was April of 2017. Once the foreign buyers tax was implemented we noticed a huge change in demand. It went down. So for the rest of the year we saw low demand and the demand that was there was for lower priced properties. Ultimately demand will stay strong as migration up into Simcoe County will continue due to our lower price point. With the stress test we will see higher priced properties sit longer.