Toronto's Dynamic Turn: Echoes of Financial Markets
Overview of important developments in the Toronto Metro housing market and macro reported in December 2023
Highlights
Toronto Metro real estate is getting stronger, confirming the market pivot.
Signs of real estate market stabilization are observed on a national level.
Toronto Metro rental market is balanced and stable.
Fixed mortgage rates declined, improving housing affordability.
Household financial stress is under control.
Fed Pivot and its impact.
New Canada population growth record and future expectations.
Resale and Rental Markets
In recent months I’ve been starting my newsletter with one specific chart and if you have only a few minutes to spare that’s the chart I’m recommending you check.
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