Will Toronto Real Estate Prices Keep Dropping? (October 2022 Market Update)

My clients keep asking me what I think's going to happen to the Toronto real estate market. This past month we've seen inventory stay relatively low with pretty low demand and we're starting to hear stories of people starting to feel the increased payments. To be honest, it's hard to predict where prices will move. Inflation keep rising, interest rates keep rising, and real estate is so highly priced compared to other areas in Canada and the US. That's why I think we're going to see some lower prices hit the market in the next 2 years.

 

In this video, I explain what I'm seeing across the Toronto real estate market and where I think we're heading.

 

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