#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:
Households have come to terms with higher principal and interest payments: TRREB analyst:
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?:
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:
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:
Mark Mitchell – Mortgage Broker London Ontario
920 Commissioners road east
London, Ontario N5Z 3J1
Phone: (519)860-2102 (Call or Text)
MarkMitchell@LondonOntarioMortgages.ca
Brokerage Lic: 10464
Broker Lic: M16001479
https://www.LondonOntarioMortgages.ca – Apply Online!!
Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario
Subscribe NOW for more Mortgage/Financial News/Videos.
Follow me on Social Media:
Instagram – https://www.instagram.com/mortgagebrokerlondonontario
Facebook – https://www.facebook.com/londonontariomortgages
Twitter – https://twitter.com/londonmortgage1/
LinkedIn – https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/
TikTok – https://www.tiktok.com/@mortgagebrokerlondon?lang=en
Commentary on this Channel should not be considered financial advice.