MACKEY & McCORMICK - Blog

Our Real Estate Update August 2022

Posted on Sep 13, 2022

In this month’s edition of our Real Estate Facts & Figures, we have put together the stats for August 2022 including average prices and number of homes sold and compare it to previous years so you can have a better understanding of how the local housing market is really doing. Click here for a breakdown of the numbers.

Our Real Estate Update July 2022

Posted on Aug 15, 2022

As the fears of further large interest rate increases have begun to lessen and inflation is perhaps starting to get under control, many economic indicators confirm we may be settling into a more balanced market position. House prices have dropped significantly off the insane peaks of the early Spring and have returned to mid year pricing of 2021 (d...

Our Real Estate Update June 2022

Posted on Jul 15, 2022

As media headlines continue to be littered with gloomy messages of a housing correction and soaring interest rates, it is important to note that rates are back to around pre-pandemic rates and with the economy booming, inflation elevated and the unemployment rate so low, it makes perfect sense they return to a more traditional range. The housing ma...

Our Real Estate Update May 2022

Posted on Jun 08, 2022

Real estate headlines continue to appear in the media claiming a large decline in prices as interest rates continue to rise. While there is truth to this in some sectors of the market, it is important to keep in context that the 10-20% drop is really just giving back the unbelievable gains seen in the first few months of 2022. Similarly, interest r...

Our Real Estate Update March 2022

Posted on Apr 11, 2022

Is the house market still on the rise? After a torrid streak of month over month price increases, see our newsletter link for the most recent statistics and trends to see the effects of recent interest rate increase talk, buyer fatigue and global uncertainty. Click here for a breakdown of the numbers.

Our Real Estate Update February 2022

Posted on Mar 16, 2022

As you may have heard, the real estate market has been absolutely crazy as of late and nowhere more than in Oakville! Please see our newsletter link for the most recent statistics and trends, particularly if you're thinking of buying or selling. Click here for a breakdown of the numbers.