News Formal

GTA Housing Market “Abnormally Front-End Loaded” in 2022, Defined by Downward Trends

  • 📰 storeyspub
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 74%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

In 2022, the GTA’s housing market started off on such a (short-lived) high that it ended up impacting the year’s overall average price despite a steep drop-off in the months to follow. TheReal_TRREB | areacode416 | realestate housing Toronto

Despite that jump, the month-over-month trends paint a far more dismal picture of the year. GTA home prices peaked in February before steeply dropping off until early summer, and more or less flattening for the remainder of the year. Between November and December, prices fell around 2.6% to $1,051,216.

High transactions at high dollar values and low transactions at low dollar values kept the average price for 2022 higher, says Ingram. “We started to see the impact fairly quickly of interest rate hikes, starting in March, and then actually accelerating in terms of scale and scope,” says Mercer. “What happened then is you saw an increasing number of buyers moved to the sidelines.”

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 16. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Rebounding emerging market stocks pass ‘bull market’ thresholdAnother China-driven surge in Asia’s biggest bourses pushed MSCI’s main EM index 20% above its last major trough
ソース: globeandmail - 🏆 5. / 92 続きを読む »