Toronto Has Worst Real Estate Market in 23 Years: 130 Condo Lawsuits
#torontorealestate #torontocondos #canadianrealestate Toronto saw the worst real estate market on record in March, with uncertainty sending sales plummeting. But its not just the Trump Tariffs, as the Toronto Star reported on surging lawsuits for condo buyers who are unable to close. Links: GTA REALTORS Release March Stats: https://trreb.ca/market-data/market-watch/ Toronto-area real estate sales the worst on record for March as buyers ride out Trump uncertainty: https://www.thestar.com/business/toronto-area-real-estate-sales-the-worst-on-record-for-march-as-buyers-ride-out/article_e6679467-d81a-4140-b8b1-85eae6f3c522.html Trump tariffs having cooling effect on Toronto, GTA real estate sales: TRREB: https://www.bramptonguardian.com/news/trump-tariffs-having-cooling-effect-on-toronto-gta-real-estate-sales-trreb/article_3bf6de06-8838-5ca9-b00f-7c507d700a7e.html This condo investor is being sued for $860,000 for failing to close. He’s one of dozens facing lawsuits as default rates soar: https://www.bramptonguardian.com/news/trump-tariffs-having-cooling-effect-on-toronto-gta-real-estate-sales-trreb/article_3bf6de06-8838-5ca9-b00f-7c507d700a7e.html Toronto and Hamilton-area new condo sales plummet to their lowest level in nearly thirty years: https://www.thestar.com/business/toronto-and-hamilton-area-new-condo-sales-plummet-to-their-lowest-level-in-nearly-thirty/article_a3ea954a-d386-11ef-a15a-47ff596944ec.html Real Estate Salesperson Program FAQs: https://humber.ca/realestate/faqs.html 'Dumbfounded and disgusted': Canada's car capital grapples with Trump tariffs: https://www.cbc.ca/news/canada/windsor/trump-tariffs-auto-windsor-essex-ford-stellantis-1.7500648 Greater Toronto home sales down in March but competition pushing prices up, real estate board says: https://www.theglobeandmail.com/business/article-greater-toronto-home-sales-down-in-march-but-competition-pushing/ Toronto real estate market turns to ice amid tariff, economic uncertainty: https://www.theglobeandmail.com/real-estate/toronto/article-toronto-real-estate-market-turns-to-ice-amid-tariff-economic/ Carney says Canada will fight back as Trump takes trade war to the world: https://www.cbc.ca/news/politics/livestory/carney-says-canada-will-fight-back-as-trump-takes-trade-war-to-the-world-9.6708337 Ontario Superior Court awards damages for aborted sale of residential property: https://www.canadianlawyermag.com/practice-areas/real-estate/ontario-superior-court-awards-damages-for-aborted-sale-of-residential-property/386629 Couple ordered to pay $470,000 after reneging on Ontario home deal: https://www.thestar.com/news/gta/couple-ordered-to-pay-470-000-after-reneging-on-ontario-home-deal/article_5e212592-ad11-5ba5-ba33-c5aeb1ce988d.html Toronto Market Report: 73% of Homes Sell Over Asking - But Signs of Cooling in April: https://www.movesmartly.com/articles/toronto-market-report-73-of-homes-sell-over-asking-but-signs-of-cooling-in-april Toronto house hits the market for $1 and offers are only being accepted today: https://www.ctvnews.ca/toronto/article/toronto-house-hits-the-market-for-1-and-offers-are-only-being-accepted-today/ 'Stop-gap measures' in home inspections to protect potential home buyers in hot market: https://www.cbc.ca/news/canada/sudbury/temporary-measures-home-inspections-realty-sudbury-1.6128354 Tulipmania: About the Dutch Tulip Bulb Market Bubble: https://www.investopedia.com/terms/d/dutch_tulip_bulb_market_bubble.asp Monetary aggregates: https://www.bankofcanada.ca/rates/indicators/key-variables/monetary-aggregates/ Ed Yardeni’s new best-case scenario sees the S&P 500 ending the year at 6000: https://www.investing.com/news/stock-market-news/ed-yardenis-new-bestcase-scenario-sees-the-sp-500-ending-the-year-at-6000-3959407 Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.
