Quiet week in real estate… the market is eerily quiet. Showings on listings have drastically slowed down, real estate lawyers have noticed that their real estate business is quiet. Is this a temporary lull or is this a sign of more to come.

Today the Bank of Canada has opted not to raise interest rates. This is a good sign as it doesn’t look like we need more bad news.

The truth is that the market will never be completely inactive. People will still get married and have babies, people will die, people will get divorced, people will overextend. Homes and condos will still be bought and sold. Level of activity may drop and prices may soften but life will continue.