10/30/2026
🚨 The Bank of Canada just made its move, and it caught thousands of homeowners off guard!
On October 28th, Governor Tiff Macklem raised the policy rate by 25 basis points to 2.50% 📈, revising inflation projections up to 3.5% through late 2026.
Renowned economist Dr. Sherry Cooper calls this 25 bps bump an "insurance policy" hike to avoid repeating the inflationary spikes of 2022-23. But here is the real question: What does this mean for Toronto and GTHA real estate as of today? 🏙️
Right now across TRREB, we have over 26,000 active listings, 5.2 months of supply, and average prices hovering at $1,006,409. While borrowing qualifications get tighter, buyers suddenly hold immense negotiating power on price and conditions that we haven't seen in years! 🤝
If you are buying, selling, or renewing a mortgage heading into December, you need strategic facts—not guesswork.
Head to the link in my bio to grab our latest market breakdown and booking link! 🧱
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