As I mentioned in previous posts, if you are downsizing you better list this month. If you are upgrading your home you might want to wait a month or two. If you are renting and want to get into home ownership (and have a job still) then buying this summer might be a fantastic opportunity (but call me now to get started!).
In Alberta, we see these real estate market cycles (obviously tied to oil) every 7-10 years. I look at the positive side though – improved affordability and better supply to choose from. I’m excited to be able to take advantage of this upcoming downturn in our real estate market – call me if you want to take advantage of it too!