Don't believe the hype

Yes, interest rates have been going up, but prices have come down much more. Prices have come down by 23% from March 2022 to January 2023. You can use whatever price you want to do your own calculations, but I'm going to use the average selling price of $1,856,000 from March 2022 and 2.9% as the 5 y

What's in store for the Oakville Real Estate Market in 2023?

Happy New Year!   2022 was a wild one! Up and down!   Prices skyrocketed on low rates and low inventory from Dec to March.   Prices plummeted from March to May on the beginning of the Bank of Canada’s rate hike cycle and nervous sellers tripling the inventory.   From May until now though, it’s been

Asking price? Don't care!

Why do people look at asking prices to try to gauge the real estate market?   Markets are formed by sold prices, no matter what market you may be trying to examine in this world. Bid and ask prices do not tell you what a stock is worth, so why are consumers so interested in the asking prices of real