Photo by Austin Chan on Unsplash

Cautious Optimism

Toronto’s January real estate market started with a whimper.   Sales transactions were down signifcantly across all housing types as the central bank increased interest rates for the eighth time since the beginning of 2022.  Toronto’s average property price dipped under $1M for the first time since February 2021 as freehold prices declined by over 20% compared to January 2022. Despite the gloom in January,…

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