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October 2022 Oakville Market Update

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The Bank of Canada surprised markets with a 50 vs 75 basis point increase this week. Inflation has come down from a 8.1% high to 6.9%. The Bank is predicting that further increases will be required to turn the economy around. Now is a good time to lock in your mortgage rate and buy the house in your dreams. There’s more houses to choose from and it’s much easier to buy. Something we haven’t seen in a very long time.  

(Note the stats above are from the Oakville Milton Real Estate Board and may be different from the Toronto Real Estate Board. Not all Oakville Agents list on Toronto, and not all Toronto Agents list on Oakville.)  

If you’re thinking about making a move (or know someone who is) I’m only a text, call, or email away! 

Be sure to check out my free local Facebook Group, Meet Me In Oakville. It’s a great place to connect with other community members and get weekly updates on the best events and happenings in and around town!

Ready to buy a home? I have some recommendations for great lenders. Just send me an email at meetmeinoakville@gmail.com or call or text me at 905-399-7229. No pressure, no sales tactics, just the help and guidance that you need

Claudia Chopik

Claudia Chopik

Hi, there! I’m Claudia, the founder of Meet Me In Oakville – A strong tribe of Oakville residents who get weekly information about the best events, restaurants, shopping, activities, and real estate In and Around Oakville, Ontario.