Quick Update on the market

Current inventory is at 13737 with 820 units selling, we had a bump up in inventory and the units selling stayed consistent week over week.

I looked a little further into what products are selling and its Residential freehold making 68% of the 820 sales with condos coming in at 32%.

Chatting with our first time buyers there mind set proves what's selling , what's there telling me is “if they can purchase a home rather than a condo they will” This is driving a few sales north of the city to have relevant static costs for a condo in Vaughan or a town home in Alliston.

Financial institutes challenging OFSI and Bill B-20 (Mortgage Stress test) to loosen the restrictions to borrow more money and cause more debt for Canadians, I'm glad this was rejected.

Based on the

Household debt per income

Denmark 205 214 Dec/21 %

Norway 201 208 Dec/21 %

Netherlands 184 189 Dec/21 %

Canada 182 179 Jun/22 %

Sweden 172 172 Dec/21

Household debt per GDP

Country Last Previous Reference Unit

Switzerland 128 130 Mar/22 %

Australia 118 119 Mar/22 %

Canada 106 106 Jun/22 %

South Korea 105 106 Mar/22 %

Netherlands 100 101 Mar/22 %

The household debt is the one that worries me basically every $1 dollar earned the average Canadian is spending $1.80. (The number one factor this debt is accumulated through is the purchase of a home)