Prices are rising as Real Estate Market is heating up!

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February 2023 Market Update

Toronto & Durham Region

Prices are starting to rise in almost all categories as Real Estate Market is starting to heat up for the season.

Bank of Canada paused its interest rate hike at 4.5%, and will be monitoring the effects of its quantitative tightening. This could bring some buyers and sellers off the side lines.

As I had predicted prices bottomed out back in December and are on rise as Real Estate Market heats up for the summer. If you are thinking of buying then act now before prices rise further. Interest rates have increased however house prices have dropped significantly requiring a lower down payment. If you are thinking of selling then contact me to prepare and sell at the right time for the highest price.

If you are thinking of selling or buying contact me if you need any Real Estate advice.

Clarington Market Update

Oshawa Market Update

Whitby Market Update

Ajax Market Update

Pickering Market Update

Toronto Market Update

Durham Region Overall

Durham Region Overview

Detached homes rose by 0.9% and now are -1.5% lower than 6 months ago
Semi-Detached homes dropped by 3.3% and are 1.5% higher than September 2022
Condo Townhouses rose by 2.9% and currently are 2.2% higher than six months ago
Condo Apt rose by 1.1% and are now 6.3% lower than 6 months ago
Link properties rose 24% and are now 18.4 higher than September 2022
Townhouses rose by 8.1% and are now 8.3% higher than six months ago