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Toronto Real Estate Sales Second-Worst in a Decade: Media Celebrates

#torontorealestate #canadianrealestate #realestatebubble Toronto’s real estate market saw the second worst September for sales in a decade, while the media celebrated surging numbers and the return of buyers. Meanwhile, UBS is warning of a potential real estate bubble in the GTA. Links: GTA REALTORS® Release September 2024 Stats: https://trreb.ca/market-data/market-w... Price drops and rising sales define Toronto’s housing market in September: https://financialpost.com/real-estate... TRREB: September Home Sales Improve Over Last Year: https://financialpost.com/globe-newsw... Home sales in Toronto surge 3.3% in September 2024: https://realty.economictimes.indiatim... Toronto home sales rose in September as buyers took advantage of lower rates, prices: https://www.cp24.com/local/toronto/20... Flood of new home listings hit Toronto market in Septemberr: https://www.theglobeandmail.com/busin... Posthaste: Toronto ranks fifth in the world for risks of real estate bubble: https://financialpost.com/news/toront... First-time homebuyers fear Ottawa’s new mortgage rules will drive up prices: https://www.theglobeandmail.com/busin... Mortgage and real estate industry hit the jackpot with this trio of announcements: https://financialpost.com/real-estate... The industry on federal government’s new mortgage measures: CREA, CHBA, TRREB, CMBA: https://realestatemagazine.ca/industr... Bank of Canada hikes rate to 5% as pandemic savings stymie inflation fight: https://financialpost.com/news/econom... Real estate sector breathes sigh of relief after Bank of Canada holds rate at 5%: https://financialpost.com/real-estate... Bank of Canada cuts interest rate to 4.25%, leaves door open for larger cuts amid struggling economy: https://www.thestar.com/business/bank... Toronto home sales rose in September as buyers took advantage of lower rates, prices: https://halifax.citynews.ca/2024/10/0... Will the Bank of Canada's interest rate cut spur the housing market?: https://financialpost.com/real-estate... Would-be homebuyers are in limbo and only the Bank of Canada can free them: https://financialpost.com/real-estate... Global Real Estate Bubble Index 2024: https://www.ubs.com/global/en/wealth-... Canada’s Soft Growth to Encourage Deeper Rate Cuts: https://www.wsj.com/articles/canadas-... Investors continue to struggle in challenging Toronto condo market: https://www.mpamag.com/ca/mortgage-in... Canadian economy grew by 0.2% in July, falling behind Bank of Canada's forecast: https://financialpost.com/news/econom... Posthaste: How higher savings rate might not save Canadians from the mortgage cliff: https://financialpost.com/news/higher... Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) [email protected] Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel:    / markmitchellmortgagebrokerlondonontario   Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram -   / mortgagebrokerlondonontario   Facebook -   / londonontariomortgages   Twitter -   / londonmortgage1   LinkedIn -   / mark-mitchell-london-s-mortgage-broker-197...   TikTok - https://www.tiktok.com/@mortgagebroke... Commentary on this Channel should not be considered financial advice.