Rate hikes, a socialist mayor, and all time lows in Toronto real estate. What could go wrong?
There are three major stories that are going to tank Toronto real estate:
Interest rate hikes
Olivia Chow winning another four-year term
Toronto real estate is already under serious pressure
The market is being squeezed by monetary policy, municipal decisions, and already low consumer confidence. If you're already a home owner, it's hard not to feel pessimistic.
But are things really as bad as it seems? Let's look at some tailwinds that show there is light at the end of the tunnel.
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