Good Morning quick update on the market current inventory is 10800 units with 1636 units selling, the market is still flowing, even though offer dates are a thing of the past and listing are remaining on the market longer as more of a balanced market, theres still buys out there willing to buy we as listing agents and sellers will just have to meet the buyers to create equilibrium between inventory and demand.

The Ontario Government is added an additional 5% to the already 15% foreign buyers tax to 20%, this is plan that the government came up with to cool the market. The last two years of all the sales we encountered not one was a foreign buyer but the residents of Canada buying up do to FOMO (Fear of missing out) low interest rates, the printing of money and the lack of supply caused by a 20 year old Liberal (Dalton Mcuinty) Decision to land lock land in Ontario , forcing builders to focus on land closer to infrastructure causing land values to sky rocket and passing that additional cost to the end user purchasing the home. (Logic)

Another promise that was broken by Liberals during the last federal election which I actually agreed was a good idea, was the ban of new foreign ownership for two years. This would have gave the residents of Canada two years to purchase with out competition from the 400,000 new migrants arriving each year.....The Liberals just back tracked on there promise and its open game now good luck !