It's nice to see the inventory of listings increasing, though the selection of good homes is still sparse compared to past years. We really do need to see some more housing stock in the area, we still have more people moving to Victoria than out of Victoria. In this higher interest rate environment, buyers with 'cash money' will have more leverage...

We have shifted from a strong sellers market into a balanced market. Buyers are trying to low ball and sellers aren't there yet. What does this "new normal" mean for buyers and sellers? With interest rate increases on the horizon, should both buyers and sellers concede a little now for long term gain?