February 2023

The real estate market on the Sunshine Coast is showing signs of recovery after a sluggish 2022. We have seen an increase in buyer activity and even multiple offers for several properties as homebuyers come back to the market after adjusting to the higher interest rates. Although sales were low in January, there have been 8 sales so far just 4 days...

For most of 2022, homeowners saw gains made to their home values throughout 2021 erode as home buyer purchasing power was reduced.  This was caused by the interest rates being raised 8 times in a 12 month period as the Bank of Canada took aggressive action to order curb nationwide double digit inflation growth.