The market has shifted from the frenzy we experienced at the beginning of 2022 between January – March. The average price has softened from the start of the year and sales are on a downward trend as interest rates increase, buyer’s taking a break, the tragic news from overseas, and inflation are just a few of the factors softening the market.

➤ Thinking about buying a home in South Etobicoke in the near future? Learn more about our buying services right here.

In South Etobicoke, we are seeing fewer offer dates and more sellers pricing their homes around their expectations.

What does this mean for you?

  • You may not face a bidding war.
  • You have an opportunity to include conditions on offers.
  • You may be able to view properties more than once before it’s sold.
  • Lastly, you may be able to negotiate on the price!

It is absolutely impossible to predict the bottom of the market. We may have already hit it. If there is an opportunity to purchase a property that meets your needs then now is the time to secure it!

If you have any questions about the market, don’t hesitate to contact us here or call (416) 319-6893.