Day: July 22, 2022

Some homebuyers are seeing appraisals come in lower than their purchase price. Average prices for homes have been trending down over the past few months. In May, the average home price was $711,316 – a 4.6% drop from April and a nearly 13% drop from February. Ontario home prices could drop up to 18%. Appraisers consider several factors when calculating the value of a home – the home’s construction cost, size, features and previous selling price. Other factors include higher … Continue reading “With Home Prices Going Down and Rent Prices Going up in 2022, is it better to Buy or Rent a Condo?”