GTA Market Update

Rising interest rates in the GTA have led to a slowdown in the real estate market. Higher borrowing costs have reduced affordability for buyers, resulting in fewer listings and slower sales. Existing homeowners with variable-rate mortgages may face challenges, and investors might adjust their strategies. Market sentiment has become more cautious, contributing to the overall slowdown. It’s important to monitor broader economic trends for a comprehensive understanding of the evolving real estate landscape.¬†