22 Oct Buyers regain confidence as Toronto real estate market rebounds from summer sales slump.
Original article via BNN. Click here to read.
The uncertainty sparked by the introduction of Ontario’s fair housing plan is starting to wane as formerly hesitant would-be buyers regain confidence that Toronto’s real estate market is stabilizing again, analysts and realtors said Sunday.
While some prospective buyers will be hit by new mortgage rules coming into effect on Jan. 1, the overall market will likely see little impact from the changes.
“Between April and July we saw a significant correction in home resale activity in the GTA and that followed the introduction of Ontario’s fair housing plan,” said Robert Hogue, senior economist at RBC.CLICK FOR THE FULL ARTICLE