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Price declines moderate in Nov

Monday, December 18, 2023   /   by Rob Mills

Price declines moderate in Nov

After a few months of declining prices, due to the rate increases we saw earlier in the year, home price declines are now steadying.  This is influenced by recent BOC rate holds, inflation settling and a general slowing of the economy.

This could see a change in market conditions as we head into 2024.  Whilst we don't expect to see a sellers market any time soon we could well see a return to a more balanced marketplace.

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  real estate, advice, buyer, seller, market conditions

Your GTA Properties
Michael Bertolli And Rob Mills
101 Brock Street S. 3rd Floor
Whitby, ON L1N 3J9
416-319-4299

Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 18, 2024
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 18, 2024
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