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THURSDAY, APRIL 28, 2022 • YOUR HOME YOUR WAY • THE BRANDON SUN
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“We put in about 12 or 13 offers,” said Sumar, adding the couple was ultimately unsuc- cessful in finding a home and have decided to wait a few months to see if things cool off before trying again. “We knew that putting an inspection clause in was not even a possibility.” According to the most recent statistics from the Canadian Real Estate Association, home sales in this country rose 4.6 per cent in February. Sales levels for the month were roughly 35 per cent above pre-COVID norms, as buyers raced to lock in histor- ically low interest rates that are set to rise this year. Prices also continued to surge, with the national average Canadian home price in Feb- ruary nearly 30 per cent higher year-over-year. In some regions,
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are selling over the asking price, it also means that many buyers are making unconditional of- fers. » Continued on Page 10
the growth was even more ex- treme — Calgary’s housing market has exploded, with the benchmark price up 34.6 per cent over the past three months
In markets like this, buyers often find themselves compet- ing against multiple offers. Not only does that mean that homes
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