08/12/2022
β οΈ JULY NUMBERS UPDATE β οΈ
π Summer months are slow for real estate, and this year we are seeing that.
π‘ Home prices dropped 2.6% month-to-month in the GTA but are steady year-over-year. Looks like the Winter season price surge was corrected due to rate hikes.
βοΈ where are we today? It is a balanced market. Low inventory is favouring sellers, but rate hikes and low investor's demand is favouring buyers.
Things are just normal, not a crash if you're wondering.