In today’s challenging real estate market, seller’s often ask me why their neighbour’s home sold for more than theirs is being listed. The simple answer to this question, and the simple truth for that matter, is that a little over 2 months ago, we were in a very active seller’s market. The market has changed dramatically in a very short period of time. The obvious reasons for this dramatic change are the recent government legislated sales tax and interest rate increases coupled with the CMHC amendment to lending policy.