The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh on GTA home sales in September. However, despite the market being better-supplied with listings, the average selling price was up year-over-year. “The short and medium-term outlooks for the GTA housing market are very
TORONTO, ONTARIO, December 3, 2021 – Home sales reached a new record for the month ofNovember, and the average selling price also reached a new all-time high. New listings were downsubstantially compared to last year for all market segments – further highlighting the inherent supplyissue across all home types in the Greater Toronto Area (GTA).GTA
A fresh approach to rationing land for new development is needed to avoid another 50 years of housing failure What does that mean for Real Estate? Mortgage interest rates are correlated to the rates in the bond market so, as bond yields rise, banks will raise their mortgage rates. For commercial markets, the result is
Bond yields are rising What does that mean for Real Estate? Mortgage interest rates are correlated to the rates in the bond market so, as bond yields rise, banks will raise their mortgage rates. For commercial markets, the result is that capitalization rates will reduce as mortgage rates rise. With less net income, buyers will
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