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.

Gary Hibbert