Toronto Real Estate Market Shifted in Buyer’s Favour in March [Video]

#TorontoRealEstate #Toronto #canadianrealestate

Toronto’s real estate saw a shift in the favour of that of the home buyer in March, with a 4.5% decrease (YoY) in sales, with a 15%+ increase in listings. However, the TRREB and the Media say that price growth is expected to accelerate.

Links:

Households have come to terms with higher principal and interest payments: TRREB analyst:

https://www.youtube.com/watch?v=1P0DFG3e4rk

Market Watch March 2024:

https://trreb.ca/files/market-stats/market-watch/mw2403.pdf

Toronto home prices are up and expected to rise by year’s end amid decline in March sales:

https://www.thestar.com/business/toronto-home-prices-are-up-and-expected-to-rise-by-year-s-end-amid-decline/article_1492473c-f117-11ee-8f02-c35de59fae3a.html

Households have come to terms with higher principal and interest payments: TRREB analyst:

https://www.bnnbloomberg.ca/video/households-have-come-to-terms-with-higher-principal-and-interest-payments-trreb-analyst~2896852

Homebuyers facing ‘toughest time ever’ to buy a home: economist:

https://www.bnnbloomberg.ca/homebuyers-facing-toughest-time-ever-to-buy-a-home-economist-1.2054337

Policy interest rate:

https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/

Hoping to buy a home? Canadian prices forecast to rise by end of 2023:

https://globalnews.ca/news/9618932/canada-real-estate-prices-forecast-2023/

This Toronto semi-detached Beaches home sold for $350K over the asking price. Was it worth it?:

https://www.thestar.com/news/gta/this-toronto-semi-detached-beaches-home-sold-for-350k-over-the-asking-price-was-it/article_d30ed500-dc3f-11ee-9c00-2f881c872064.html

Indicators of financial vulnerabilities:

https://www.bankofcanada.ca/rates/indicators/indicators-of-financial-vulnerabilities/

Get ready! Bidding wars are back:

https://torontosun.com/life/homes/get-ready-bidding-wars-are-back

TRREB: Selling Prices Up In March and Set to Accelerate This Spring:

https://financialpost.com/globe-newswire/trreb-selling-prices-up-in-march-and-set-to-accelerate-this-spring

Market Watch March 2023:

https://trreb.ca/files/market-stats/market-watch/mw2303.pdf

Canada 5 Year Government Bond:

https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx

US may be forced to delay interest rate cuts, warns Powell:

https://www.telegraph.co.uk/business/2024/04/03/ftse-100-latest-news-stock-exchange-brent-oil-eu-inflation/

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