Happy Tuesday Morning quick update on the market current inventory is 10,281 with 1086 selling very similar to last week sales dropped slightly. Im still waiting for the dump of inventory I believe this month will give me a good indication for the year, The rates should trickle down as we get closer to the federal election bring the market back to life, I just feel we still didn’t have the correction needed to stabilize our housing market. Time will tell !

The bank of Canada is meeting this week (Wednesday April 12th 2023) for a Interest rate announcement and Monetary Policy Report, The expectation is the rate remains unchanged at 4.5%.

This Headline scares me the most

“Toronto-Dominion becomes biggest bank short with US$3.7 billion on the line”
With TD being the biggest bank short globally with exposure into the U.S with likes of a 10% stake in Charles Schwab which recently lost 47 billion and also the most exposure into residential mortgages then any other banks in Canada.