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Is The Real Estate Market Cooling Down?

That's what Danny Sinopoli from the National Post is telling us.

He also says that we are in an adjustment phase. We are moving away from the crazy offers we have been seeing recently and sliding towards a more "normal" buying and selling experience.

Read the article here: https://nationalpost.com/life/homes/the-great-real-estate-cool-down-has-come

To be sure, the Canadian housing market is still robust, with the average home price reaching a little over $679,000 in June, a year-over-year increase of 25.9 percent, according to the Canadian Real Estate Association (CREA). By that same month, however, the first-quarter buying frenzy that saw record-high sale prices from January to March had markedly dissipated: June’s average price was 5.5 percent lower than the springtime peak of $716,828, while the number of transactions also tumbled more than 20 percent since March.

Want to know what other realtors think of the market? Reach out to any of our incredible and qualified agents today!

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