May 2022 Market Watch

The Toronto Regional Real Estate Board has released its numbers for May 2022. Here is a brief summary:
With higher borrowing costs, the real estate market has continued to change. Sales were down on both a monthly and annual basis, while active listings were up. A more balanced market means that buyers have more negotiating power. While average home prices are up compared to last year, selling prices are lower on a month-over-month basis.
For more information about the real estate market:
Office: 905-842-7000
Direct: 647-802-2020

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