Toronto Real Estate Market June Update 'Sales Crash'

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Name	Toronto Real Estate Market June Update 'Sales Crash'
Video Uploader	Video From Mark Mitchell - Mortgage Broker London Ontario
Upload Date	This Video Uploaded At 04-07-2024 15:58:02
Video Discription	#torontorealestate #canadianrealestate #bankofcanada Toronto’s real estate market saw sales fall to their lowest level in June in 10 years, even after the Bank of Canada cut interest rates at the beginning of the month. Links: Market Watch June 2024: https://trreb.ca/market-data/market-watch/ Toronto condo sales plummet 28% in June as sales crash across all property types: https://www.thestar.com/real-estate/toronto-condo-sales-plummet-28-in-june-as-sales-crash-across-all-property-types/article_88312b92-394a-11ef-b77c-fb21010e8755.html Potential Bank of Canada rate cut would jolt slow housing market, experts say: https://www.theglobeandmail.com/business/article-potential-bank-of-canada-rate-cut-would-jolt-slow-housing-market/ Bank of Canada interest rate cut could be 'tailwind' for GTA real estate: https://torontosun.com/news/local-news/bank-of-canada-interest-rate-cut-could-be-tailwind-for-gta-real-estate Will the Bank of Canada's interest rate cut spur the housing market?: https://financialpost.com/real-estate/bank-of-canada-interest-rate-cut-housing-market Housing Market Rebound Will Come Before Interest Rate Cuts: Soper: https://storeys.com/housing-market-rebound-q1-2024/ Bank of Canada raises its key interest rate to 5%: https://www.cbc.ca/news/business/bank-of-canada-july-meeting-1.6904330 Consumer price index: https://www.statcan.gc.ca/en/subjects-start/prices_and_price_indexes/consumer_price_indexes Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Bidding wars still happening in the GTA, with lower interest rates a catalyst for even more: https://realestatemagazine.ca/bidding-wars-still-happening-in-the-gta-with-lower-interest-rates-a-catalyst-for-even-more/ Indicators of financial vulnerabilities: https://www.bankofcanada.ca/rates/indicators/indicators-of-financial-vulnerabilities/ Royal LePage president predicts ‘material lift’ in home sales after BoC rate cut: https://www.theglobeandmail.com/business/article-royal-lepage-president-predicts-material-lift-in-home-sales-after-boc/ Canadian bond yields rebound sharply, sending some mortgage rates higher: https://www.canadianmortgagetrends.com/2024/07/bond-yields-rebound-sharply-impacting-canadian-mortgage-rates/ Canada 5 Year Government Bond: https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx Posthaste: Sidelined homebuyers just waiting for the Bank of Canada to cut rates: https://financialpost.com/news/homebuyers-wait-bank-of-canada-rate-cut Interest Rates: Immediate Rates (24 Hours): Prime Rates: Total for Canada: https://fred.stlouisfed.org/series/IRSTPI01CAM156N Bank of Canada’s rate cut could spur housing demand as Toronto home sales fall in May: https://www.thestar.com/business/bank-of-canadas-rate-cut-could-spur-housing-demand-as-toronto-home-sales-fall-in/article_6b2c0b43-59b7-561e-979b-331c80ab7f22.html Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice. hK5kGSNTXTo
Category	Education
Tags	#TorontoRealEstate \| #CanadianRealEstate \| #BankofCanada \| #CanadaRealEstate

Toronto Real Estate Market June Update 'Sales Crash' [hK5kGSNTXTo]

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