Realtor Cheema

September 2023.

A never ending wedding season is to blame for this late September 2023 Market Update!

The impact of high borrowing costs, high inflation, and uncertainty around future Bank of Canada decisions continues to weigh on the GTA home sales in September. Despite a higher supply with increased listings, the average selling price was higher year-over-year.

Swipe through the post for a snapshot of housing prices since the beginning of BoC rate hike cycle in May 2023. has created a great comparison from May 2023 to September 2023.

This summer's and early fall market was a bit more balanced, with listings increasing more then sales. This suggests that some buyers may benefit from more negotiating power, at least in the short term.

If you're in the market now, or plan to be in the near future, contact me to stay up-to-date as buying opportunities continue to show. Having the right team in your real estate journey is key! From your mortgage broker, accountant, to your real estate agent - your team should always prioritize your best interests!

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