Market Update: March 2022

March  2022 – Market Update

Wow demand for home ownership still remains steady in March.

Let’s get in to the numbers

Single family home results:

– Average price of a Detached Home was just under $1.7M = 20.9% increase

– Average price of a Semi-Detached home was just over $1.3 = 26 % increase

– Town homes average price was just over $1M = 25% increase

The Condo segment results:

– Average sales price increased by 19.6%. Average price for March was $800K

Overall, Real estate should always be viewed 👀 as a longer term investment… even if you are buying in a safer market, speculating may leave you holding the bag and losing  your shirt, so be careful.