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News

Real Estate Market Watch – June 2022

By

Joey Mirelli

Posted in Market Updates On Jul 08, 2022

“Home sales have been impacted by both the affordability challenge presented by mortgage rate hikes and the psychological effect wherein home buyers who can afford higher borrowing costs have put their decision on hold to see where home prices end up. Expect current market conditions to remain in place during the slower summer months. Once home prices stabilize, some buyers will re-enter the market despite higher borrowing costs,” said TRREB President Kevin Crigger.

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  • Listings
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    • Commercial
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