In the last month of 2022, the Bank of Canada raised the interest rate again to 4.25%. The median house price and number of sold properties in Ontario were down. The housing market is cooling down and turning into a buyer’s market. The average sold price is lower than the average asking price. So, if you find your dream home, don’t be shy and ask the seller to give you a discount.
Chief Editor - RoofUp
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* Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information may only be used for informational purposes and must not be utilized in commercial activities or other improper uses, as it could cause legal issues. However, this data has been deemed reliable but not guaranteed accurate by TRREB nor Roofup representatives because they do their best to ensure accuracy while relying on multiple sources without independent verification.
** Contains information licensed under the Open Government Licence – Ontario.
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