REINZ & Tony Alexander Real Estate Survey July 2021
In this months survey a net 3% of agents report that they are seeing fewer investors stepping forward to sell their property. This is the lowest reading since late-November and well away from the net 12% who in late-April said they were seeing more investors looking to sell. There is no wave of investor selling underway.
That may help explain why this month a net 53% of agents have reported that prices are rising in their area compared with a net 32% last month. And a gross 60% now report that they are seeing buyer FOMO (fear of missing out) compared with 51% late in May and 49% two months ago.
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