Quick update on the market current inventory 13,475 units with 693 actually selling, the market is still flowing and the properties that we see selling are deals based on price or niche properties based on emotion at a fair price.

Td has held their Mortgage rates steady since the last BOC rate increase (5 Year Fixed Closed 5.34%) The next BOC meet date is October 26th, my predictions they hold the rate until next year based on the current affordability shock to the residents of Canada.

Inflation is going in the right direction based on the charts below

Date

Value

August 31, 2022
7.01%
July 31, 2022
7.59%
June 30, 2022
8.13%
May 31, 2022
7.73%
April 30, 2022
6.77%
March 31, 2022
6.66%
February 28, 2022
5.69%
January 31, 2022
5.14%