ATTENTION POSTMASTER: Time Sensitive Materials
ABOUTOWNE Realty Corp., Brokerage 1235 North Service Road W. Suite 100, Oakville, ON L6M 2W2
TEAM
Each Office Independently Owned and Operated.
416.520.4785
JUNE 2022
MORRISON REAL ESTATE MARKET REPORT
Nancy@NancyShea.ca
www.NancyShea.ca
THE IMPACT OF
RISING MORTGAGE RATES LEONARDO AND ANGELICA, If you are thinking of selling your house call me, and I will provide you with a targeted value and discuss with you how the sale strategy has changed with recent market changes. Now may be the perfect time for you to act. There are still many serious buyers and currently not a lot of inventory which could still result in multiple offers. If you are ready to make a move, call me today at 416.520.4785.
R A TE S A R E O N TH E RI SE For the first time since 2010, five-year fixed mortgage rates are all above 4%. With rates rising sharply over the past weeks, some buyers have delayed their purchase or are assessing the impact on affordability. Holding offers for a specific day, for the most part, is not happening. This timing also coincides with a March Break where people could now travel, the invasion of Ukraine, and perhaps buyer fatigue, all combing to take some energy out of the market. While that news may have you questioning the timing of selling your home, the market is still performing well! On average, a home
PREPARED ESPECIALLY FOR
in Morrison is selling at 97% of asking price.
Leonardo and Angelica Washington
W H A T D O E S THIS M E AN FO R Y OU ? PRESENTED BY
Sale prices are still strong and with fewer homes listed, there is less competition. Listing your home now provides an excellent stage to highlight your home and capture the steady buyer demand.
The Nancy Shea Team, Your Morrison Specialist
TEAM
www.NancyShea.ca