August Real Estate Update Report

August News Report: Housing Market Declines But Rental Prices Soar

Friday Aug 12th, 2022


Housing Market Declines But Rental Prices Soar

Many GTA households intend on purchasing a home in the future, but there is currently uncertainty about where the market is headed. It appears that the Bank of Canada’s rate increases started too late. The federal government must enact measures to assist buyers facing affordability challenges in an environment where costs are rising at the gas pumps, the grocery stores and everywhere in between Read the full report

Average Price by Housing Type in 416 and 905


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