Feb 6th 2023

Current Inventory for this week is art 9644 units with 692 units selling exact same amount of units we reported sold Jan 24th.

The article we read this morning on the Toronto Market is naturally showing the difference between Jan 2022 and Jan 2023 with double the inventory and low sales comparing the amount to April 2020 covid lock down.

On a micro level our current market is moving real quick with bidding wars on properties and offers coming in on listing we had sitting for 4 months.

The labour market in the USA reported higher then expected numbers with 517,000 new job created, this is not what the investment market wanted to hear, this will give the Fed’s carte blanche to keep raising the policy rate to curve inflation.