Interest Rate Hikes Drive Down Home Sales & New Listings in November
Posted on Dec 08, 2022
TRREB Calls Increased Borrowing Costs
'Short-Term Shock'
TORONTO, ONTARIO, December 6, 2022 – Homeownership market activity in November continued to be influenced by the impact of higher borrowing costs on affordability. Sales were down markedly compared to the same period last year, following the trend that unfolded since the commencement of intere...