Welcome to the fall market that wasn’t.
Lest there be any confusion, while history has shown that Toronto real estate enjoys a unique ability to barrel through most obstacles, this rising rate environment has proven to be largely impenetrable.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
It turns out that buyers weren’t off on vacation or enjoying a summer free from COVID restrictions instead of real estate. Labour Day didn’t bring them back. They remain sitting on the sidelines, if not out of the game entirely. Broadly speaking, no one is making a move unless they need to. Sellers are fighting tooth and nail against the idea that February numbers are a distant memory while once eager buyers, staring down the barrel of more rate hikes, aren’t willing to jump back in.Article content
“When combined with still-elevated near-term inflation expectations, the clear implication is that further interest rate increases are warranted,” he said. “Simply put, there is more to be done.”
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Quebec notaries warn Bill 96 translation requirement creating 2-tier system - Montreal | Globalnews.caNotarized documents such as wills, real estate documents, powers of attorney and marriage certificates, if drafted in English, must be translated to French at the client's expense.
Read more »
Mayoral candidates clash over pace of progress in SaanichFormer councillor Dean Murdock and incumbent Fred Haynes lock horns in radio debate
Read more »
Canada's main stock market index down almost 400 points, U.S. stock markets also downCanada's main stock index ended down almost 400 points in the third straight day of downward movement amid better-than-expected employment numbers and expectations of further rate hikes on both sides of the border.
Read more »
Buyer cuts a deal for condo in older building that could be redevelopedPrice drop for Port Coquitlam, B.C., condo attracted an offer from a buyer who didn’t mind that the building might be sold one day
Read more »
Unable to sell current home, first deal for Calgary townhouse failsThe 500-square-foot terrace equipped with a wet bar and barbecue on this three-storey townhouse, as well as its unobstructed views east towards downtown Calgary, were a hit with buyers
Read more »
Indonesia's president says country won't face FIFA sanctions over deadly crushIndonesia's President Joko Widodo says the country won't face sanctions from soccer's world governing body after the firing of tear gas inside a half-locked stadium caused a deadly crush.
Read more »