Kingston Market Update October 27, 2022

The headline is not great. It says that between August and September the average price of homes across Canada fell by 3.1% and the biggest drops were in Victoria, Vancouver, and Hamilton.

Interestingly, prices have increased in Edmonton. We were talking to some agents from Edmonton this week and they said that snowbirds are moving to Edmonton because it’s lovely in the summer and they’re away in Arizona and Florida when it’s snowy.

So what’s happening locally here? Between August and September, the average price of homes in the Kingston market fell by 4.2%. The good news is that year over year they’re up 2.9%.

As we’ve always said, it’s not a crashing market, it’s a normalizing market.

If you’re interested in what’s happening with the value of your home, contact us.

Watch the latest market update

Check out this article next

A Look at Financial Help and Incentives for First-Time Homebuyers

A Look at Financial Help and Incentives for First-Time Homebuyers

Despite recent softening in the housing market, home ownership in Canada is expensive and can be intimidating if you’re a first-timer. Luckily, there are financial…

Read Article
About the Author

With expertise, respect, integrity, and compassion, I will guide you through one of life's most important personal and financial decisions - buying or selling a home. To me, you are family and I have your back! I appreciate that my clients trust me to guide them through one of their most important life decisions. To deliver professional 5 star service, I will always:

  •  Deliver Value
  • Build and Maintain Trust 
  • Put Clients First