https://www.thestar.com/business/20...y-already-near-bottom-rbc-economist-says.html
http://www.cbc.ca/news/canada/toronto/treb-august-numbers-1.4276710
http://www.huffingtonpost.ca/2017/0...iest-chart-ever-is-looking-better_a_23200517/
According to economists at RBC and BMO, we're trending toward a balanced market.
I think that demand for Toronto real estate will remain high for years to come considering that new housing supply will struggle to keep up with population growth. Th slow increase in interest rates should be enough to keep crazy price growth seen in the first quarter from happening ever again. Mind you, even with these interest rate hikes, money is still cheaper than ever before to borrow historically speaking. Buy what you can afford, and hold, and you'll be fine.
http://www.cbc.ca/news/canada/toronto/treb-august-numbers-1.4276710
http://www.huffingtonpost.ca/2017/0...iest-chart-ever-is-looking-better_a_23200517/
According to economists at RBC and BMO, we're trending toward a balanced market.
I think that demand for Toronto real estate will remain high for years to come considering that new housing supply will struggle to keep up with population growth. Th slow increase in interest rates should be enough to keep crazy price growth seen in the first quarter from happening ever again. Mind you, even with these interest rate hikes, money is still cheaper than ever before to borrow historically speaking. Buy what you can afford, and hold, and you'll be fine.