GTA Housing Trends, Interest Rate Policies, and Market Accessibility Updates

In this episode, Sandy MacKay and Steve Hamoen dive into the Greater Toronto Area's housing market trends, focusing on market competition, new listings, and price adjustments across regional property segments. They analyze sales activity amidst these fluctuations, noting increased stabilization and sales in various home types, aided by lower prices and rates. The impact of the Bank of Canada's interest rate policies and demographic influences on the mortgage landscape are explored. Affordability trends, regional market differences, and updates to the Bank of Canada's inflation measurement are discussed. The episode concludes with mortgage rates of the week and closing remarks.