Podcast 25: State of the Toronto real estate market

The number of home sales in December is down by -48.2% year-over-year, new listings coming to the market are at an all time low of -21.3%, and the average selling price is down by -9.2% overall.

OFSI is contemplating new lending rules, and they have not touched the stress test. Inflation is running wild. Interest rates are high. Unemployment is low now, but what happens if we have a hard landing?

The Bank of Canada overnight lending rate is now 4.5%, with a +0.25% rate increase. How will this impact the housing market?

Watch this podcast in video:
https://youtu.be/t5gyfPjRZH4

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https://www.broadviewavenue.ca/appointments

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