Toronto Home Sales Slump 29% as Economic Uncertainty Ramps Up

[shockedcanadian]

Police States always go bankrupt and Toronto is the epicentre of the police state here.

Trump is going to tell his trade team to press hard for full market access, knowing we lose our best citizens anyways. Markets across Canada and especially Ontario are in steep decline as the caste system takes precedent over innovation and market forces. Police and government officials in Canada make more than PhDs in A.I and nuclear technicians.

Trump will probably go with the direction of, "we get everything we want or we will amp up tariffs and then make separate deals with Canada and Mexico to maximize our leverage against both".

It's not a good position to be in if you are a nation of Creepy Ones.

Toronto Home Sales Slump 29% as Economic Uncertainty Ramps Up

Toronto home sales in February fell to the lowest level in the past year as affordability challenges and economic uncertainty weigh on buyers.

www.bloomberg.com

Toronto home sales in February fell to the lowest level in the past year as affordability challenges and economic uncertainty weigh on buyers.

Transactions dropped 29% from January, according to seasonally adjusted data released Wednesday by the Toronto Regional Real Estate Board. The benchmark price for a home in the city fell for a third month, slipping 1.5% to C$1.06 million ($736,000).

High costs are pressuring homebuyers in Canada’s largest city. And sellers pulled back slightly in February, with new listings decreasing 24% from a month earlier, according to TRREB data.

Buyers are also dealing with increased uncertainty from a trade war between the US and Canada. This week, the two countries went back and forth on tariff threats. A trade battle with the US risks shaving 2 to 4 percentage points from Canada’s gross domestic product growth, according to estimates from economists.

Many Canadians are taking matters into their own hands by boycotting some US-made goods. And in the housing market, some Canadians are adopting a “wait-and-see” attitude toward buying a new property given all the uncertainty, according to Jason Mercer, the Toronto real estate board’s chief market analyst.

“If trade uncertainty is alleviated and borrowing costs continue to trend lower, we could see much stronger home sales activity in the second half of this year,” Mercer said in the statement.

 

[Donald H]

Police States always go bankrupt and Toronto is the epicentre of the police state here.

Trump is going to tell his trade team to press hard for full market access, knowing we lose our best citizens anyways. Markets across Canada and especially Ontario are in steep decline as the caste system takes precedent over innovation and market forces. Police and government officials in Canada make more than PhDs in A.I and nuclear technicians.

Trump will probably go with the direction of, "we get everything we want or we will amp up tariffs and then make separate deals with Canada and Mexico to maximize our leverage against both".

It's not a good position to be in if you are a nation of Creepy Ones.

Toronto Home Sales Slump 29% as Economic Uncertainty Ramps Up

Toronto home sales in February fell to the lowest level in the past year as affordability challenges and economic uncertainty weigh on buyers.

www.bloomberg.com

Toronto home sales in February fell to the lowest level in the past year as affordability challenges and economic uncertainty weigh on buyers.

Transactions dropped 29% from January, according to seasonally adjusted data released Wednesday by the Toronto Regional Real Estate Board. The benchmark price for a home in the city fell for a third month, slipping 1.5% to C$1.06 million ($736,000).

High costs are pressuring homebuyers in Canada’s largest city. And sellers pulled back slightly in February, with new listings decreasing 24% from a month earlier, according to TRREB data.

Buyers are also dealing with increased uncertainty from a trade war between the US and Canada. This week, the two countries went back and forth on tariff threats. A trade battle with the US risks shaving 2 to 4 percentage points from Canada’s gross domestic product growth, according to estimates from economists.

Many Canadians are taking matters into their own hands by boycotting some US-made goods. And in the housing market, some Canadians are adopting a “wait-and-see” attitude toward buying a new property given all the uncertainty, according to Jason Mercer, the Toronto real estate board’s chief market analyst.

“If trade uncertainty is alleviated and borrowing costs continue to trend lower, we could see much stronger home sales activity in the second half of this year,” Mercer said in the statement.

You're doing o.k. as long as you keep it clean of your own personal issues.

Many Canadians are taking matters into their own hands--

That's ambiguous but it's the beginning. Just my warning against your usual.