Consumer Confidence and Trump
While consumer confidence continues to be at high levels in BC, there have been some downward pressure. Over the years, my Broker has been tracking how Sunshine Coast real estate cycles closely follow what the consumer confidence mood is in the Lower Mainland and British Columbia.
The two major issues that are going to affect how people are feeling - our upcoming provincial election, and Trump.
It will be interesting to watch consumer confidence levels as we roll into the spring, particularly with the new Trump Presidency. Our neighbours to the south have created a very unsettling environment so being the proverbial mouse beside the elephant; it will be in Canada’s interest to watch which way that elephant is rolling.
Business is likely not going to suffer with Trump (the opposite could be the case). However, the manner in which he is operating is creating a lot of uncertainty, and that isn’t so good for business and consumer confidence. How this will directly affect us is unclear but there is a certainty it will. It's going to be something we will talk about this year and keep an eye on.
I heard twice this week that some people are suggesting the market is somehow soft or flat, but we continue to be in a very liquid environment which isn’t always the case on the Coast. There remains a lot of existing and new interest for property on the coast and buyers are ready to act.
If you are wondering how the current market is affecting your real estate option and plans, feel free to give me a ring and we can discuss how the situation is affecting you.
Until next time!