Housing seems to be cooling off outside the city. Brock down 25% since Feb
GTA Housing slowdown
- Thread starter rogerdodger
- Start date
Well you'll know more when the next rate hike comes in a month. Probably going to continue down for a couple of years before going back up .I want it to continue to climb
There is a structural dwelling supply and demand issue in the GTA and that isn't going anywhere anytime soon. Downturns like this are likely temporary as a reaction to the recent interest rate hike and perhaps a temporary surge in supply.
I believe real estate boards are still expecting the average price to rise by about 8-10% in 2022.
I believe real estate boards are still expecting the average price to rise by about 8-10% in 2022.
Residential real estate, floats on a sea of $1.7 trillion in household property debt. And the numbers are huge. Over 33% of borrowers lately have been opting for variable-rate loans, which are shooting higher and will continue to do so. Bad move. Meanwhile 37% of all outstanding mortgages come up for renewal in the next 12-24 months, and a slew of those borrowers will see their interest charges double.
The US will be raising rates on Wednesday and Canada in June - both probably 50 basis points. I don't really listen to the real estate boards very much.
The US will be raising rates on Wednesday and Canada in June - both probably 50 basis points. I don't really listen to the real estate boards very much.
