Market News

Wednesday Jun 08th, 2022


Bank of Canada rate hikes, including the 50-basis point hike on June 1, are impacting home buyers in the short term. There is now a psychological aspect where potential buyers are waiting for a bottom in price. This will likely continue through the summer.

As Ontario’s housing market seemingly begins to cool, a common pattern seen among major Ontario cities is the significantly lower transaction numbers compared to the same month last year.

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