November 7 2022

Current Inventory 13,284 with 653 selling

We have been experiencing a great amount of activity on our current listings with showing after showing with some positive feedback with potential offers.  We will keep you posted !

There’s a great deal to unpack with

I talk about the:

A housing bubble burst would be worse in Canada than U.S.:
“Debt to disposable income in Canada is far greater than in the U.S. For every dollar Canadians earn, they owe $1.65 to debt, whereas Americans owe $1 to debt for every dollar they make”

Canadian home prices post record monthly decline in September: Housing index

“In a report released Thursday (https://housepriceindex.ca/2022/10/september2022/), it found that home prices fell 3.1 per cent in September, compared to a month ago.
This marked the largest monthly decline since the index was first started in 1999, and shattered the
previous record decline of 2.4 per cent in August.”