But with new listings at a 20-year low in February and higher borrow costs continuing to weigh on the market, it’s anyone’s guess what the typically busy spring season could bring.
He said that lately he is hearing more about multiple offer situations on properties, although he concedes that few of those bidding wars are resulting in homes changing hand for hundreds of thousands of dollars over asking price as was commonplace during the early days of the pandemic. But TRREB is nonetheless expecting higher levels of activity this spring and into the second half of this year, according to its chief market analyst Jason Mercer.rent prices which have risen by more than 20 per cent in the GTA
“People that moved to the sidelines to come to terms with higher borrowing costs, more and more of them will have likely weighed their options and are now going to be thinking about maybe purchasing a different home type or buying in a different part of the GTA or what have you,” Mercer told CP24.com. “As we move into the second half of the year, that gap between 2022 and 2023 will start to narrow because we are anticipating, you know, an acceleration in activity.
Victor Tran, who is a mortgage expert with RATESDOTCA, said that while the pace of increases certainly had an impact on demand there are some signs that is changing.on Thursday which found that the majority of the people who deferred a home purchase due to high interest rates in 2022 plan to return to the market this year.
Deal with it like everyone else is. Making a big deal outta everything crybabies. Your grind isn't even worth here so why bother? just keep doing it till you find happiness or stay where you are in your comfort zone
Ban B&B's
Too many immigrants
Bringing thousands and thousands of immigrants will help, trust the JustinTrudeau plan
Kinda goes against the electric hypnosis
Federal plan: bring over more immigrants 👍
you never really own anything, it's all an illusion to keep you a content slave. besides, there is an evil entity running the planet and we do the bidding that helps fuel the machine. we are all corrupt and worthless. children are the real victims, until they become corrupt too..
We are headed for a bad, bad place.
A quarter million 'economic immigrants' are going to fix this. Somehow. So we're told. Ha ha ha! Don't believe it. Canada is fucked.
Before the interest hike people could afford a mortgage for the higher market, as soon as they went up payments for the same mortgage tripled…simply unaffordable JustinTrudeau who can pay $6-7,000 a month, not many! Which is good because people aren’t selling their homes
Newcomers are in for a surprise
That's what progressives do
The govt is focusing on the wrong indicators. 🇨🇦 unlike🇺🇸, the cost of living is super high. In 🇺🇸 their dollar performs better, their is more commodity buying options thus high purchasing power & competition. 🇨🇦 doesn't have a economic profile or political awareness to thrive.
We need double digit interest rate to get the investors to FO
'probably'?
Countering high interest rates with 2 million new arrivals is not going to help anyone, except tyrant Trudeau and his 'Too Big to Fail' pals High interest rates should have worked by now
200, 000 more immigrants/refugees on their way. 🥳
Why is the government trying to control house prices if they cannot control the prices in the grocery stores?