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In this video, I dive into the recent Bank of Canada’s interest rate cut and its impact on the housing market.
With housing supply levels showing signs of a buyer's market, what does this mean for Toronto’s average home prices and overall affordability?
I explore how the rate cut may encourage more buyers to enter the market, potentially increasing competition and activity. I also explains key factors like months of inventory, the role of pricing, and the stress test to help you make informed choices without falling into media-fueled FOMO.
00:00 Introduction
00:42 Interest rate cut what does it mean for a home buyer & home seller
02:16 What does months of inventory mean
02:57 Housing Supply in Greater Toronto Area
05:16 Active Listings Trend in Greater Toronto Area
07:09 How to sell your home successfully
07:34 Mortgage Affordability
10:43 What is Stress Test
Looking to buy your next home? Have questions regarding ever changing Toronto Real Estate Market? When you are ready, send me a text or simply schedule a call through Calendly link below to get started!
📆 Calendly: tinyurl.com/26aydbke
Faryal Faryal
Realtor®
Century 21 Millennium,
📱Text or Call: 416-856-7656
📧 faryalsellsrealestate@gmail.com
The views shared in this video are solely those of Faryal Faryal and do not represent Century 21 Millennium, or the Toronto Regional Real Estate Board (TRREB). They should not be taken as advice or the foundation of an agency relationship. Always consult with your professional advisor before making any decisions based on the content of these videos. This communication is not meant to cause or encourage the breach of any existing agency agreement. Please note, this is not financial advice.
#bankofcanada #mortgages #interestrates #torontorealestate