The Buyers are back! Sharp rise in Detached property prices in March.
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MARCH 2023 Market Update
Toronto & Durham Region
The Buyers are back at it. Prices are rising in almost all categories with Detached properties rising 5.1% from February.
Bank of Canada paused its interest rate hike at 4.5%, and will be monitoring the effects of its quantitative tightening. This has brought some buyers off the sidelines.
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.
Bank of Canada paused its interest rate hike at 4.5%, and will be monitoring the effects of its quantitative tightening. This has brought some buyers off the sidelines.
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 5.1% and are at 6.2% higher than 6 months ago
Semi-Detached rose by 6.5% and are now 8.5% higher than October 2022
Condo Townhouses rose by 2.2% and are now 4.9% higher than 6 months ago
Resale Condos rose by 4.2% and are now 1.2% higher than October 20222
Link properties dropped by 8.5% and are 3.1% higher than 6 months ago
Townhouses dropped by 1.5% and are now 4.9% higher than October 2022
Semi-Detached rose by 6.5% and are now 8.5% higher than October 2022
Condo Townhouses rose by 2.2% and are now 4.9% higher than 6 months ago
Resale Condos rose by 4.2% and are now 1.2% higher than October 20222
Link properties dropped by 8.5% and are 3.1% higher than 6 months ago
Townhouses dropped by 1.5% and are now 4.9% higher than October 2022
