• October 2022 Market Update

  • Oct 13 2022
  • Length: 30 mins
  • Podcast

October 2022 Market Update

Listen for free

View show details

  • Summary

  • Price Declines Stabilize, Short Term Future Uncertain Amid Interest Rate Hikes, Despite Record High Immigration and Continually Tight Supply. 


    Story At A Glance: 


    • Slowest September for sales since 2012 with sales down 30% year over year.
    • Showing activity in September lowest of the year.
    • Buyer sentiment does not seem as negative as the industry experts' commentary.
    • Inventory is basically flat month over month at 2.25 months of inventory despite weak sales, indicating ongoing scarcity and or sellers holding back inventory.
    • Central Bank Interest rate commentary increasingly slanted towards further rate hikes.
    • Low inventories currently suggest low selection and competition could return as soon as interest rate signaling flips, but such timing is a very large unknown. 
    • New housing construction starts slowing on lower industry confidence, this and tighter lending will lead to a bleak housing future in Ontario. 
    • Great uncertainty surrounds the next 6-12 Months on the macroeconomic scale.


    Connect with me with the links below:
    My Website
    YouTube
    Twitter
    Instagram
    Facebook

    Or email me at mitch.cleary@century21.ca
    Show More Show Less
Show More Show Less
activate_samplebutton_t1

What listeners say about October 2022 Market Update

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.