Category Archives: Milton Real Estate Market Updates

Interest rates, stress test and Milton’s real estate

Transcript: Increasing interest rates means higher stress test rates, which has led to fewer buyers getting qualified and in-turn to a lower number of sales. On the other side of the conin, homeowners coming up for their mortgage renewals are facing higher monthly payments, leading to some of them considering selling their homes, hence increasing … Continue reading Interest rates, stress test and Milton’s real estate

Jalaj’s market update for July 2023

Transcript: Over the last 16 months, rising interest rates have impacted affordability not only in Milton, but everywhere, in turn bringing the home prices down. They have declined roughly 10% year-to-date, and 15% from when the first interest rate increase was announced in 2022. As the interest rates increase, fewer buyers get qualified for a … Continue reading Jalaj’s market update for July 2023

Jalaj’s market update for June 2023

Transcript:   The increasing interest rates in the past year have impacted the housing market everywhere including Milton, but it still continues to remain a strong sector of the economy. Prices have remained stable for the first half of the year. While they have not reached the peaks of 2022, we have seen a marginal … Continue reading Jalaj’s market update for June 2023