Posted date : June 1, 2017In slidersComments Off on Cooling the GTA’s Hot Real Estate Market
Great Analysis of the Changes and What to Expect for the Rest of 2016
Back in April the government made a move to cool the housing boom. As a result it moved many buyers to the sidelines to see what would happen next.
Listings have skyrocketed in Ontario to over 21%, the largest since 1989 and sales in Toronto have dropped by over 6%. So did the recent government changes work or is it fear that is driving this stall in the market?
I’ve watched a number of different videos that paint a doom and gloom scenario but out of all the ones I’ve watched, this one resonated the most with me. It’s about 40 minutes long but worth the watch.