Those selling their homes in the township of King, Ontario will not be getting what their neighbours received just earlier this year. The price fall in King and lower inventory is indicative of how increased interest rates to combat inflation have cooled bidding wars across the GTA. And significantly lower,” said Julianne Boileau, a sales representative at RE/MAX Hallmark York Group Reality that services several GTA areas, including King. Sales in the GTA have fallen by 47 per cent compared to July 2021 and are expected to drop further into 2023. In July 2021, the average selling price in King was $1,921,694 across 48 homes.
Source: thestar August 08, 2022 06:08 UTC