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The Greater Toronto Area Real Estate Market Adjusts to Higher Borrowing Costs

Wednesday May 4th, 2022

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MARKET ADJUSTS TO HIGHER BORROWING COSTS IN APRIL TORONTO, ONTARIO, MAY 4, 2022 – The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis. As has been the case with previous rate tightening cycles, some home buyers have moved to the sidelines to determine how they will reposition themselves in the marketplace given the higher rate environment and related impact on... [read more]

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