It depends on what your definition of crashing is. Is a drop in sales a crash? How about prices? Before we jump to conclusions about what the market ‘might’ be doing, let’s look at some data to gauge where the market could be going. April sales dropped 41.2% but prices jumped 15%. Active listings were […]
Average Home Price Drops 2.6%
Last month I said prices wouldn’t drop because of interest hikes. Well… this month, prices did drop. Compared to February 2022’s average sale price of $1,334,544, March saw the average sale price drop 2.6% to $1,299,894. Compared to March 2021, the average price jumped 18.5%. So let’s set things straight. The price drop didn’t occur […]
Real Estate Prices Won’t Drop Because of Interest Rate Hikes
The recent interest rate hike wasn’t a surprise to the real estate market. In fact, it was expected to happen. You may be seeing a lot of articles being published about how prices will drop as a result of this recent rate hike. Considering February saw sales decline 16.8%, new listings drop 6.6%, and active […]
Where Are All The Homes For Sale?
If you’ve been actively searching for homes for sale over the past month, you’re probably wondering why you aren’t seeing a lot of houses for sale. At just 4,140 active listings in January 2022, the number of properties available for sale in the entire area covered by the Toronto Regional Real Estate Board has hit […]
Sell Your House Now
At the risk of sounding ‘spammy’ and making you think, “Why on earth does Johnder want me to sell my house? Where will I live? Does he even care about my wellbeing?” — let me explain why now could be the absolute best time to sell your house. Don’t get me wrong — I don’t […]
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