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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

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

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