In this month’s REINZ and Tony Alexander survey, agents say that they are seeing more people attending Open Homes, while a net 38% report more people at auctions. Prices are seen as rising by a net 88% and FOMO (fear of missing out) has risen again – from a net 77% in September to 81% this month.
Properties are being brought to the market to list with a net 36% of agents reporting that they are receiving more requests to appraise the potential sale value of properties. This is a sizeable jump from a net 19% last month.
In October a net 38% of agents reported seeing more people at auctions. This is virtually unchanged from a net 36% in September, telling us that interest is high but not soaring.