Home sales tumbled 41.4 per cent year-over-year last month in the country’s largest market as rising interest rates continued to decimate activity.
A number of clouds are looming over Canadian households, which will make it difficult to further grow their net wealth, a new report from Desjardins says.
The Greater Toronto Area housing market took another hit in June as more buyers took a wait-and-see approach amid rising borrowing rates.
Each wave of supply shock to hit the global economy during the pandemic seems to produce a different scapegoat.
Toronto’s red hot housing market continues to show signs of a prolonged slowdown after new data by Realosophy Realty found another monthly sales decline, while the cost of renting surges.
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