Tag: SPRING 2022

Second quarter housing results for 2022

July 18, 2022

Nationally, home sales were down for the third month in a row, falling 5.6% month-over-month, and actual monthly activity came in 23.9% below the June record set in 2021. Sales activity continues its downward momentum in the face of rising interest rates and uncertainty in the real estate market. Due to the rising interest rates, the cost of borrowing has overtaken supply as the dominant factor affecting housing markets at the moment, but the supply issue has not gone away….Check in with Frances Snider Royal LePage Royal City Realty for all the details.
… More Second quarter housing results for 2022

Is the real estate market cooling off in the Guelph area?

June 13, 2022

After two years of record-setting activity, there are signs the Canada real estate market might be cooling. Nationally, home sales were down for the second month in a row, falling 12.6% month-over-month, the largest monthly decline since summer 2020….Check in with Frances Snider Royal LePage Royal City Realty for all the details.
… More Is the real estate market cooling off in the Guelph area?

Have we moved to a Balanced Real Estate Market?

May 9, 2022

Spring has sprung, the grass is riz, where are all the homes sales at? The Wellington County real estate market remains a seller’s market despite a growing amount of new listings and a lower amount of unit sales, causing many of its’ submarkets to dip into a balanced market. Demand appears to remain high as we continue to see median and average sale prices rise. Check in with Frances Snider Royal LePage Royal City Realty for all the details.
… More Have we moved to a Balanced Real Estate Market?