RE:RE:Inverted yield In the greater Toronto area we are starting to see inventory build up with fewer homes being sold at asking price or higher. Prices and sales are moderately coming down from the peak of December/January levels. Marketing efforts will be required as inventory builds up and the balance of a buyers/sellers market slowly begins to shift.
I believe we're already beginning to see prices come down but there are plenty of more planned interest rate hikes that can potentially burst the bubble. I cannot see how the average home buyer can sustain these interest rate hikes but we will see how this plays out for the rest of the year.