MACKEY & McCORMICK - Blog

Our Real Estate Update November 2022

Posted on Dec 08, 2022

As the year begins to come to an end, we see that the wild real estate fluctuations of 2022 have slowed and some consistency in both sales prices and sales numbers has settled in. The numbers are obviously down when comparing year over year and keeping in mind the market peaked in March of 2022, these statistical comparisons will probably show up e...

Our Real Estate Update October 2022

Posted on Nov 16, 2022

As the fear of further interest rate increases begin to subside, we may be approaching the bottom of the correction period in home price sales. With a mediocre economic forecast, there doesn't seem to be any evidence that we are going to bounce back in an upward direction anytime soon but instead flatten out or perhaps give back a little more of th...

Our Real Estate Update September 2022

Posted on Oct 21, 2022

Available housing inventory continues to rise while sale prices have fallen a little further but are showing signs are leveling off. It is important to note when reading media headlines of double-digit percentage price drops, that they tend to be off of the peak of March 2022 and most of the correction has already occurred. Canada continues to be a...

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...