Stacey Burrows

Real Estate report - April 16, 2023

On this episode, Kevin talks to Stacey Burrows from Remax Executives Realty to get the latest real estate report. She discusses the Bank of Canada’s announcement, the average home price, the number of sales, and the impact of interest rates on buyers and sellers. She also provides advice to both buyers and sellers.


Key Points
• Bank of Canada holds Prime rate at 6.7%
• Average home price up in March
• 6% of sales went over asking price
• Inventory is up but sales still down
• Interest rates impact affordability