Toronto Housing Market Is Getting Worse！

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The opinions expressed herein are solely those of Norman Xu, not Royal LePage or the TRREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce a breach of an existing agency agreement. This is not financial advice.
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Wait for 2026 when everyones monthly payments will double. They have reduced interest rates because the people are beginning to wake up to the reality of 2026 impending doom but how long can the banks keep the rates low? Lessening pf interest rates at this pount is a very temporary solution meant to quell the tide of it wont last for long. By the fall interest rates will once again begin to climb and by the looks of just will be no way to keep them from skyrocketing in early 2026. Real estate people will say otherwise but people who follow the political historical and financial markets know that this problem has gotten so huge that no amount of Govt intervention and manipulation can stop it.

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Real estate in Canada varies by region.
However, following today's Bank of Canada rate cut to 4.5%, keep an eye on the market.
With speculation about further reductions to 4% this year and 3% next year, will buyers continue to wait?
As the market shifts, sellers may become more flexible on prices.
For buyers, this is an opportunity to prioritize the most important factor in real estate: location.
Remember the mantra: Location, Location, Location.
In today's market, buyers can secure prime locations.
If prices rise again next year and affordability becomes an issue, you'll wonder why you didn't act in 2024.
While no one can predict the future, we can make informed decisions now. Always do what's best for you, but stay well-informed.

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