Toronto Home Sales Collapse and Housing Prices Keep Falling [ May 2022 Update ]

Toronto Home Sales Collapse and Housing Prices Keep Falling [ May 2022 Update ]

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►► The latest May 2022 numbers are out and it spells D-I-S-A-S-T-E-R! Toronto Real Estate sales are down almost 50% from the top of the market - that's a WHOPPING 50%! On top of that, Toronto housing prices also keep falling as well. To make these 2 matters worse, interest rates are likely going up next month.

All of these factors combined makes this is a trifecta of DOOM AND GLOOM for the Toronto Real Estate Market. Some people are calling for a 2017 style real estate crash where prices fell for almost 2 years. On the other hand, some people are calling for a 1990's style real estate crash where prices fell for almost 10 years (yes, a whole decade!). In this week's PPTV episode, I'm going to break it all down for you to show you which style of drop we are currently at risk of being more similar to. I'll also talk about the geographic breakdown of each region and micro market. Make sure you tune into this May 2022 Market Update - it's one you won't want to miss!

#TorontoRealEstate #TorontoCondoMarket #TorontoRealEstateMarket

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