There were very slow volumes this week, as only four sales occurred.
The week marks the slowest point during our current bear market. However, last week witnessed some of the most significant volumes we’ve seen in a while. The last couple of months have seen atypical ebbs and flows in deal volumes.
This week’s largest transaction occurred in Woolwich, where an industrial property traded for $3.4 million ($194/sq. ft).
The week’s remaining deals included two industrial units in Hamilton and a former school in Flamborough.
In the news, the Province has nixed Hamilton‘s 30-storey height limit, Hamilton inaugurated its new city council and mayor, and the Hamilton City Centre Mall will close on December 26 to prepare for development.