SEPTEMBER 2022 TEMPO NEWSLETTER

Historically, Summer in real estate is rather quiet, with many here in Southern Ontario usually revelling in the fantastic weather rather than shopping for houses. This year, we also saw a large turn in the market, moving from a frantic and crazy period like 4 day listings and selling at 135% of the listing price, to a much more comfortable and typical real estate transactional period, with longer listing periods, conditional offers making a comeback, and a general tempering of the market. Combined with several Bank of Canada interest rate increases, this month’s TEMPO newsletter delves into some of the specifics, and possibly how the market could be on a course towards correction over this last quarter of 2022.

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