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Housing Market Update - October 2022
Dated: November 7 2022
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Vaughan and overall GTA Real Estate market show continued decline in overall listings in October 2022 while the home prices seem to be levelling off.
With further interest rate increase(s) expected, the real estate market may continue the downward trends for the foreseeable future.
Here are some stats for the local Vaughan real estate market for October 2022
451 - New listings
640 - Total listings
187 - Homes sold
$1,251, 465 - Average sale price
The buyers currently looking to buy a home should carefully review their financial commitments and financing approval details since variable rate payments could continue to increase during the interest rate hikes.
The home sellers should also consult a professional to re-assess the current market based home valuation since the market is quite fluid. Listing a home above the true value may lead to price adjustments, loss of potential buyers, and/or longer listing to sale time.
Raj Bajwa
A marketing focused tech savvy realtor using 17+ years of property buying, selling, and investing journey to create magical real estate experiences for all clients. Everyday, I focus on exceeding cli....
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All November housing market trends remain on a downward trajectory, similar to the last few months. Vaughan and overall GTA Real Estate market show a continued decline in overall listings
Vaughan and overall GTA Real Estate market show continued decline in overall listings in October 2022 while the home prices seem to be levelling off.With further interest rate increase(s) expected,
Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating