49 power of sale listings so far this year in NB. Last year we had 84.
17/49 were bought between 2021-2025.
2 sold at least twice between 2021-2025.
Many of these are selling for much less than they were purchased for. One over $50k below not including fees/inflation.
Good morning, well-informed National Post readers.
In your opinion, what is one small change government could make that would drastically improve Canada?
@SurvivingCrypto@Tablesalt13@grok I think it’s an article NarCity put out but if so that’s from data released in January. Idk why this account likes to pretend to be a primary source.
I think the single most important thing strategy-wise for sellers and buyers in Moncton is to put all emotions aside.
Buyers and sellers are both just trying to maximize equity.
Is 91% a low offer? Sure, but I’ve submitted far worse offers than that in far hotter markets that at the very least got counters back. It’s a starting point.
I can understand rejecting it, but waiting til the last minute to reject it just isn’t the way to handle that.
Submitted an offer at 91% of asking price on a listing for a client. Over 2 months on market. Pre approved.
Seller waited till the very last minute and rejected it.
I can understand that if it was like 85%, but 91% is a perfectly fine starting point with that many DOM.
Other predictions from my video:
- Buyers’ market this year, as early as May, but most likely July.
- Price dropping
- Sales dropping and new listings rising
We did not hit the buyers market in May, but the prediction is still alive.
Just do be clear, I did not predict Moncton would hit these numbers.
I predicted that SJ and Fredericton would do well, and that Moncton would do worse. I figured we’d be in the mid 6% range, not the 7-8% range.
Mortgage data:
- total balance up 3.6% YoY
- new average loan amount down 2.2% YoY and 4.5% QoQ
- delinquency rate (#) up 15.2% YoY, but at 0.22% overall
Sub prime auto data:
- 12.3% of loans at 16.99%+
- 20.3% at 16.99%
- 67.4% at 12.99%
So 32.6% of subprime auto loans are over 16.99% interest rate. Yikes. That share is growing too, by quite a bit.
Last year it was 26.7%, and the year before was under 25%.