He says rising mortgage and interest rates are slowing down the rate of transactions as inventory is building up, causing the market to rebalance, but in a more gradual manner than other Canadian regions.Story continues below advertisement
His association also found the median price of single-family homes rose by five per cent year-over-year to reach $525,000, while condos edged up three per cent to $385,000 in the same time frame.‘Tinder for real estate’: Home co-ownership on the rise amid housing crisis© 2022 The Canadian Press
Source: News Formal (newsformal.com)
bankofcanada No need to keep raising rates!
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