“Canada is probably sitting on the largest housing bubble of all time,” according to Phillip Colmar, partner at Global Strategist at MRB Partners. Will it burst, if so, when and what will the fall out look like?
The available homes for sale at the end of July was 22% more than in May when homes were selling over 10% higher. More supply, less demand = drop in pricing. Will this continue into the fall market?
City of Toronto's total residential average price of $1.066M in July up by 4.6% from last July and up by almost 5% from July 2021 when rates were at historical lows.🏘️