The month of July seemed to fly by like a blur. Much has happened in our busy market since we celebrated Canada Day, with the most notable being a 1% raise in interest rates by the BoC (you can listen to my previous podcast for a detailed breakdown of the rate increases and announcements). Interest rates are the hot topic right now as the BoC tackles historically high inflation. We ultimately knew this would happen; however, the pace of rate increases is what has caused temporary uncertainty and the resulting temporary shift in Buyer sentiment. In this episode of The Real Estate Podcast with me, Nico James-Bock, a broker at Royal LePage Signature Realty in Downtown Toronto, I’m going to share a few more insights into this new rate-hike environment and what it means for the resale, condo and rental markets in the GTA.
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