Toronto Real Estate Plunges: Sales reaching 'Crisis' Levels
#torontorealestate #canadianrealestate #canadarealestate Toronto’s sales continued to nosedive in May, as the industry warns that sales are reaching ‘Crisis Levels’ – while simultaneously re-writing history. Links: Home sales at 'crisis levels' in sagging market: https://www.youtube.com/watch?v=pkHCyIy6bxI&t=3s GTA REALTORS Release May Stats: https://trreb.ca/market-data/market-watch/ Buyers jumping back into housing market before busy spring: https://www.youtube.com/watch?v=cXjcWKOsUgA Toronto-area home prices drop 4 per cent as May marks another near-record low for sales: https://www.thestar.com/real-estate/toronto-area-home-prices-drop-4-per-cent-as-may-marks-another-near-record-low/article_8e40d9b2-82dc-49d5-9f38-cfaec35691c2.html Toronto home prices tick up for first time in 5 months as buyers lured back: https://financialpost.com/real-estate/toronto-home-prices-tick-up-buyers-tempted-back Toronto Home Sales rise the most in four months as affordability improves: https://www.theglobeandmail.com/business/article-toronto-home-sales-may-affordability/ Home sales at 'crisis levels' in sagging market, say realtors: https://financialpost.com/news/home-sales-at-crisis-levels-in-sagging-market-say-realtors Declines in Canadian Home Sales Take a Pause in April Despite Ongoing Tariff Pressures: https://creastats.crea.ca/en-CA/ GTA Active Listings Hit 31K In May – Highest In Nearly 25 Years: https://storeys.com/toronto-housing-market-listings-may-2025/ Will latest Bank of Canada rate cut boost the housing market? Analysts weigh in: https://financialpost.com/real-estate/bank-of-canada-rate-cut-boost-housing-market Posthaste: Buyers' markets disappear as Canada's home sales heat up: https://financialpost.com/news/canada-housing-market-heats-up Five reasons why home prices will rise 10% in 2025: https://financialpost.com/real-estate/five-reasons-home-prices-will-rise-2025 Average Toronto home price predicted to hit $1.2 million by end of 2025: https://www.thestar.com/real-estate/average-toronto-home-price-predicted-to-hit-1-2-million-by-end-of-2025/article_80aed948-b256-11ef-8051-9b47e9799082.html Inflation volatility, tariff uncertainty keep Bank of Canada sidelined: https://www.bnnbloomberg.ca/business/economics/2025/06/04/bank-of-canada-again-holds-key-interest-rate-at-275/ What Higher Bond Yields Mean for Markets in 2025: https://www.morningstar.com/markets/what-higher-bond-yields-mean-markets-2025-2 Wayback Machine – RBC Mortgage Rates: https://web.archive.org/web/20241107011615/https://www.rbcroyalbank.com/mortgages/mortgage-rates.html Surging bond yields send fixed mortgage rates higher: https://www.mpamag.com/ca/mortgage-industry/market-updates/surging-bond-yields-send-fixed-mortgage-rates-higher/536732 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.
