We've already seen an impact on buyers' purchasing power and financial position as a result of the recent Bank of Canada interest rate increases. Rates are rising and the cost of living is going through the roof. 

Many home buyers may face higher qualifying rates and monthly payments ...

Inflation is on the rise and the only way to combat it, is to raise the rates! Two rate increases this year are scaring off buyers because they are waiting for prices to drop even more and sellers are holding onto their valuable properties waiting for this wave to pass ...

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood ...