Real Estate Minute with Steve-May 9
Monday, May 08, 2023
Current Inventory 11,129 units up 5% since last week and sales down 13% (1387) from last week. Looking at year over year its interesting to notice the amount of inventory in April 2022 versus April 2023. This was the shift in the 2022 market that brought the height of the market down 25 - 30% and what were experiencing this April with 38% less inventory and similar sales. T
d Went there separate ways from the 12 billion dollar deal with First Horizon , leaving Td to pay 225 million dollars in fees but frees Td from a bad deal of over paying 2.05 times the value of First Horizon and limits the exposure to U.S Market.
With Job numbers coming in higher then expected and Inflation still at 4.3 % another policy rate increase might be coming are way the next BOC meeting June 7th.