September 2022 Market Report

Happy October! I can't believe it is almost Halloween. The time is flying by and it has been a busy 7 months. Jens, my husband and myself have been working hard to complete our renovation in Lakeview. We took the house back to the studs and added 400 sq ft including a large vault in the new extension that is now the kitchen. We are thrilled with how amazing it has turned out and I am happy to report it is has hit the market! I have included a photo of the house before we started and a video of how it looks now. If you would like to view it give me a call!

In other news. CREB reports "1,901 sales in September, activity is still far stronger than levels achieved prior to the pandemic and is well above long-term trends for September. Despite recent pullbacks in sales, and thanks to strong levels earlier in the year, year-to-date sales remain 15 per cent higher than last year’s levels." “While demand is easing, especially for higher priced detached and semi-detached product, purchasers are still active in the affordable segments of the market, cushioning much of the impact on sales,” said CREB^® Chief Economist Ann-Marie Lurie. “At the same time, we are seeing new listings ease, preventing the market from becoming oversupplied and supporting more balanced conditions.”