Stay updated with Richmond Hill’s real estate trends and insights from an experienced broker!
National condo market cooling down.
GTA condo sales ↓ 13%
_Prices in the GTA fell by ~6% yearly.
_Avg GTA condo price: $747K
High interest rates slow the economy, relief for homeowners, but challenges for businesses.
Low unemployment, but slowing job growth, rising unemployment due to shrinking job vacancies. High-interest rates reduce housing activity, Canadians carry more interest on debts.