I said this 6 months ago, and now it’s official 🗞️  The rate of increase in interest rates is overtaking the rate of decline in property prices. In this current real estate market, buyers have roughly a 25% decrease in borrowing capacity (all other things being equal). The biggest problem buyers have right now is not the price of the property - it’s that the bank is not lending them the same amount of money they previously would have approved. My Clearance Rate over the long weekend: 4/8 SOLD (50%)