In this episode (#174) of KT Confidential, The Real Estate Podcast, the Kormendy Trott team talks about the 2022 Market changes in the Real Estate Market. As Canadian home prices continue to grow across the country, the national average home price broke an all-time high in January 2022. The average home price in Canada’s housing market in January 2022 was $748,439, up 20% over the previous year. In comparison to the previous month, average Canadian home prices are up 5% from $713,542 in December 2021. Meanwhile, the MLS Benchmark Price for January 2022 jumped by 23% year over year to $825,800. That is the biggest year-over-year price gain in the history of the Canadian housing market.
All of that and more on KT Confidential – The Real Estate Podcast.
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Episode Breakdown:
00:00 – Intro
00:47 – Changes in the Market
08:35 – Different types of 2022 Transactions
14:37 – Knowing the Strategy
23:16 – Brassard Rental
29:24 – Overall Prediction
33:44 – You can’t time the market
44:11 – Market Changes Daily
49:08 – Outro
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Watch the previous episode here
Catch clips and highlights of the show here
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The founders, Ariel Kormendy and Adrian Trott, started The Kormendy Trott Team, a real estate team based out of Halton region in Ontario, after both being in need of a change from their successful careers in the automotive industry and both experiencing the lack of service being provided in the real estate industry. They kicked off their careers in 2011 and quickly became a top-performing team in the country, ranking 17th of approximately 200 for Century 21 in 2017; as a team of just the two, compared to much larger teams. They decided that they needed to take their team from being real estate agents in Milton to the rest of the GTA and beyond by expanding and servicing more areas. The team has since grown to have an administrative arm, media department and successful sales team operating a smooth running and successful business. Follow them on social for behind the scenes info, real estate tips, industry secrets and more.
