Bank of Canada just announced they will take a pause from the rate hikes and if how the economy responds. this video focuses on the real estate impact, on home sales and home prices in and around GTA and Canada.
Bank of canada had increased the rates twice in 3 months and now they pausing because inflation is slightly lower. We will see what impact this pause will have on the real estate market.
Real estate speculators had driven home prices straight to the moon since 2020. Will they come back as soon as they see a pause? will regular folks with regular jobs have any chance of buying a house in the GTA?
#bankofcanada #torontorealestate #interestrates
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