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%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

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.”

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 16. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »