Condo princess

The Bank of Canada continues with their quantitative tightening strategy as they announce the latest policy rate increase of 25 basis points.Canada's economy saw an impressive 3.1% GDP growth in the first quarter of the year and consumer demand remains strong in our marketplace. This increased activity has led to the highest rates in over 20 years!If you want to know what the latest announcement means for your situation, reach out to our team today!

Introducing Porta. Your front row access to the best of undiscovered Belleville. Enjoy the best of both worlds of waterfront living while being steps to downtown. Whether you want to relax by the outdoor pool and terrace, explore the local shops and restaurants or spend the day in Prince Edward County, Porta is your gateway to getaway. Please contact me today for more information on this exciting new development.

February Market Update

February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022. However, the number of new listings also dropped substantially year-over-year. The result was that the average selling price and MLS® HPI continued to level off after trending lower through the spring and summer of last year.

Average price: $1,095,617
Detached: $1,712,364
Semi-Detached: $1,280,380
Townhouse: $1,005,342
Condo: $728,271

If you want a detailed report for your area just comment below or send me a message.

Reference: TREB Market Watch