As the subject says GTA Real Estate Market Watch : High Interest Rates Impacting and Hammering the Market, But Population Growth Will Soon Create Demand
Personally believing this market is yo-yo market, pulling back and forth from demand and supply point ever since as diversity in the culture and need base changing constantly.
Despite the market being better-supplied with listings, the average selling price was up year-over-year. Demands are not seems to meet in most segments of real estate needs.
Source: TRREB
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https://trreb.ca/files/market-stats/market-watch/mw2309.pdf?
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.
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