Is Toronto Real Estate Doomed?

After a very long bull run, the Toronto real estate market has shifted from wildly positive in January and February, to a much slower pace this summer. Is the market simply more balanced now, or are we headed into something much more serious? 

The change came about because of a rapid rise in interest rates. The Bank of Canada, in its efforts to tame inflation, has put a serious dent into the real estate market.

The slowdown in real estate sales in the Greater Toronto Area has been significant. Now prices are falling too, with single family homes taking the biggest hit. What are we to make of all this, and what are we to expect in the coming months? We attempt to answer these and other questions in the podcast.

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