September 2023 Toronto Market StatsTREB says the impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh
September 2023 Toronto Housing Market Stats
Dated: October 5 2023
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September 2023 Toronto Market Stats
TREB says the impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh on Greater Toronto Area (GTA) home sales in September. However, despite the market being better-supplied with listings, the average selling price was up year-over-year.
General consensus is that the borrowing costs will remain as is now until mid-2024, after which they will start to trend lower. This may encourage uptick in demand for ownership housing in the second half of next year.
If you want to know what it means to you, feel free to reach out. Happy to assist your next real estate journey.
토론토 부동산 협회의 발표에 의하면 현재 고금리, 인플레이션, 경제성장둔화로 인해 2023년9월 부동산마켓은 거래가 저조했습니다. 현재의 고금리 기조는 2024년중반까지 지속되다 하반기에 이르러 하향 조정될것으로 전망되어 내년 하반기 부터 거래가 향상될것으로 내다보고 있습니다. 금리 안정을 기다리는 현존 로컬 바이어와 기록적인 이민자 유입으로 인해 향후 토론토 부동산의 수요는 견고할것으로 보고 있습니다. 특정 지역의 세분화되 정보를 원하시면 언제든지 연락주시기 바랍니다.
Jenny Yu | Broker
647.216.0368
jennyyu@royallepage.ca
linktr.ee/jennyyuhomes
Jenny Yu
Helping clients to buy or sell their home, and providing answers to questions on how best to navigate the real estate transaction, is my honour and privilege. As an experienced real estate broker, I w....
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