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 rate increases to date, still have the bank rate sitting below pre-pandemic rates and certainly lower than historical norms. Please connect to discuss further or if you have questions. Click
here for a breakdown of the numbers.