How Much Is My Home Worth In This Economy? -Is It Worth It To List?

Brought on by Bank of Canada rate hikes and rising Canadian mortgage rates, Ontario’s housing market has seen its average home price decreased by 20% over the past year to about $798,835 in January 2023. That’s the largest year-over-year drop of any Canadian province! What is worse is that it is not a one-time only … Continued

High Mortgage Rates in Ontario: Is Now The Time To Sell?

Mortgage brokers say 2023 could be an ugly year for some homeowners, who have become mired in the monetary vice grip of rapidly rising interest rates and continually falling home prices.  It follows years of frenetic activity in a red-hot real estate market that saw the price of an average London home peak in February … Continued