October 2023 Real Estate Market Update
Primarily due to higher interest rates, many would-be buyers are still waiting on the sidelines, which is driving housing demand lower. Home sales continued to decline in October throughout most of the Greater Toronto Area. On a year-over-year basis, sales are down 5.8% compared to last October.
The Canadian Economy's Response to Rising Interest Rates
Canadians are not feeling optimistic about the short term future of the Canadian economy. Many are expecting inflation to remain high for the foreseeable future, and that the impact of high interest rates is far from over. One third of Canadian businesses expect a recession in the next year. Busin
September 2023 Real Estate Market Update
September 2023 Market Update: The Greater Toronto Area real estate market continued to slow in September due to a variety of reasons. High borrowing costs, high inflation, slower economic growth, and uncertainty regarding monetary policy are all major factors that continue to weigh down the GTA
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