July 2022 Market Update
It seems our real estate market did what most of us did in July…relax! 🧘 While it’s seasonally on trend for a slowdown in July (👋 cottage season!), we all know that the changing economy, fueled by the COVID aftermath & interest rate changes are truly what is making a difference here.Most n
Bank of Canada hikes key interest rate by full percentage point in surprise move
You've probably heard the news by now: The Bank of Canada has increased its benchmark interest rate by a full percentage point, taking a larger than expected hike to tame decades-high levels of inflation. The central bank’s key interest rate now sits at 2.5%, a drastic shift from the 0.25 percen
June 2022 Market Update
Rates are 🆙, sales are ⬇️ and buyers & sellers are uncertain Rates are up, sales are down and buyers & sellers are uncertain. The Toronto Real Estate Board has provided their June report, and we have some important takeaways to share.👋Ready? Here’s the big news: we are in double digit sa