Toronto Home sales slow as more buyers take a "wait and see attitude" before plunging into market

But what about the supply shortage and 1 million population growth per year. They said housing was only going to keep going up. Can Trudeau do something?

factor in inflation of 5% and its a drop of 6%.

It's a bubble, it will keep going up. Until...

People are not waiting. They are not buying period! There's just no money to buy.

Are all the rich people done buying yet? Can we chill now?

"We need population growth for our economy to grow" - Our record-breaking population growth is putting pressure on affordability and investment into innovation and development. Our overall GDP may be growing, but it's not contributing to the well-being of our people or economy in a meaningful way. I think we need to revisit this assumption.

Yeah I wouldn't buy unless you HAD to and no one has to- patience is everything in market downturns like we are about to see. Imagine if you wait 2 years but it can save you 5-7 years of mortgage payments!

Finally, time to teach Canadians a lesson in economics.

As the economic crisis keep rising, one needs to have different streams of income, a well detailed diversified investment portfolio in the financial markets is needed to survive, as well as secure a profitable investment future, Thanks so much Mrs. Janis Morgan for improving my portfolio

Political weaponization of immigration and lack of support for Canada's local population is the real problem amidst all of the other challenges - few realize the true impact, and even fewer will admit and recognize it.

There are no buyers anymore…Indian & Chinese buyers are gone. Canadian are exodus…Canada will dip into depression next year as there are no dirty money to laundry anymore

Buyers are not playing the wait game, there are no buyers only in the market. Prices has to go down as much as 50%-60% for people afford a place to live. Disincentive non first time home buyers by not giving them out bank loans, this will help prices fall further and people who don’t have homes can buy some.

Lmao .08% when housing in the last 3 years has gone up how much? Oh the shell game cnaadians are forced to play because of the bad policies, taxes, and red tape at all levels! In addition to the land control by governments up to 88+% coast to coast to coast! To dictator levels!

Anyone overleveraged will lose their property in the coming weeks and months. The global downturn is going to hurt the US and other G20 countries, but it will crush Canada.

Good luck

"i'd love to move to the Toronto area"
Well that'd be their first mistake.

Sad and disappointing to see what this market has become.

Everyone is terrified to say it, reduce immigration until we have this housing crisis under control. 1m+ people coming into the country a year, more than 2.5x new homes construction. You can’t fix this problem by “building more”, we don’t have the resources. Even if we were to completely stop immigration, it will take years for housing levels to catch up to population as it is now. It’s not racist to point this out, it is a harsh reality and it needs to be done until the issue is resolved.

West is where real Canada is…. The east is cooked.

Fraud real estate Canadian market..

Play inventory game to jack up price to million $$$... while in usa... pollution is 10x and proce of real estate is 1/4th cost!!!!.

And jobs far well paid.



This is how bubbles are created...

Real estate as a economy is a shame😅

sellers r living in delusion ‼