Скачать или смотреть The Truth About the Richmond Hill Real Estate Market - Is Richmond Hill Homes Prices Crashing?

Hey everyone, it's June 2022 and the Richmond Hill Ontario real estate market is changing.

If you're thinking of buying or selling a home in Richmond Hill now is the time to watch this video. I'm going to give you a quick update on what's happening in the market and how it's affecting detached homes, semi-detached homes, townhomes, condo apartments and and condo townhomes.

If you're curious about real estate or want to know more about the current market conditions, this video is for you! We dive into

1. Available Listings (Total Richmond Hill houses for sale)
2. Home Sold
3. Average Sold Price
4. Type of Market

For most properties, there is a significant decrease in transactions and #homebuyers compared to active listings and #homeowners. This is leading to price fluctuations. Is the real estate market crashing? Watch and see what I think.

The main contributor to the demand pullback is the increase in interest rate. However, as homebuyers need to understand that the real estate market is supported by high immigration rates and easier permanent residence for skilled workers, higher wages and low unemployment.

As homeowners, you may want to consider that now is a great time to upsize or downsize. It's better to cash out - despite what their neighbours sold their homes for back in February. Luxury homes may be a little too big and families are looking to capitalize on the market should consider selling. Ontario has a lot of immigrants every year and with the government inviting highly skilled workers to Canada by offering permeant residence.

It's extremely difficult to properly time the market. Instead of trying, look at your budget and do not over leverage yourself.
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▬ About Alex Fung ▬▬▬▬▬▬▬▬▬▬
Born in Toronto, I have been a long-time resident of York Region. Growing up in the area allowed me to gain a vast amount of knowledge in which I’ve continuously applied to my real-estate career (which also includes doing food deliveries for the family business!). I have a group of very knowledgeable in-house marketing team, deals admin, assistants, and receptionists here at the Daryl King team, who are trained to always go above and beyond expectations to meet all clients' needs.

By leveraging their expertise and time, I'm able to focus my time exclusively on what I do best - marketing & sales. With over 1.2M+ views across all social media platforms and 25,000+ followers, I'm able to get clients the exposure they need to reach their goals. Being a part of RE/MAX Hallmark, we have access to off market properties.

Team Awards and Achievements:
-#1 Real Estate Team in York region for over 21 consecutive years
-Over $6B+ worth of sales in the last 30+ years
-Helped over 12,000 families

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