October 20, 2021
Real Estate

Record-breaking N.L. real estate market leaves buyers befuddled

Real estate sales across the province have skyrocketed since the beginning of the pandemic, says real estate agent Cory Reid. (Mark Quinn/ CBC)

Like many others, Trevor Hickey and his partner spent a lot more time at home in 2020 than originally planned. 

They had been living in their Rabbittown-area house for a while, but after months of staying at home they decided it was time to look for a bigger space in which to grow their family.

The couple did not want to hold two mortgages at once, so they decided to sell their house before buying a new one, said Hickey in an interview with CBC News.

When the couple sold their house in December, they thought the housing market had reached its peak and buying a new home would be relatively easy — but they were wrong.

“That’s when the market really started to kind of heat up,” Hickey said. “We couldn’t find a house in the interim…

Read full article here: www.cbc.ca