Buyer fatigue may be influencing bidding on some homes. A couple of months ago bidding was a sure thing on most homes if they were priced well and appealing to most buyers. We have seen some cracks in this strategy as here and there some homes are not getting the bidding everyone expected and/or the offers coming in are not acceptable to sellers. For example, last week we analyzed some data and found that in a small designated pocket of west end areas in one week there were 18 properties re-listed and 14 price changes.

House rentals are very hot right now. This could be due to the fact that some sellers decided to sell in this hot market so there is lack of supply. Could also be due to the increase in renovation projects, hence an increase in demand.