Will Toronto House Prices Drop?

Will Toronto House Prices Drop? Bank of Canada has, so far, increased the benchmark rate 3.5% since Feb. 2022. Toronto house prices have dropped since then.
I discuss what has happened in Toronto's real estate market, what's happening and what will happen based on 3 indicators I'm tracking.
#torontohouses #torontorealestate
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I'm a full time Real Estate Broker in the city of Toronto with iPro Realty Ltd, Brokerage. I live, work and invest in Toronto's real estate. I'm a father, husband and triathlete 🏊🚴🏃. Did I mention I love ☕
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Thank you for subscribing and watching my videos. Feel free to connect if you have questions about investing, buying or selling in Toronto's real estate market.

[@NawarNajiRealEstate]

What's your take on Toronto house prices? Will they further drop or remain stable? And why? Let me know in the comments below.

[@flynnjp19]

Have already started to drop.

[@NawarNajiRealEstate]

It sure has. Do you believe we have stabilized or will thee be further drops in the city of Toronto's house prices?

[@alextoronto5840]

@@NawarNajiRealEstate What you mean it went down? houses still cost over a million dollars

[@NawarNajiRealEstate]

@@alextoronto5840 House prices dropped from the peak of Feb 2022 to July 2022. Hope this helps.