https://betterdwelling.com/toronto-new-home-sales-fall-71-inventory-rises-weakest-demand-ever/ "Greater Toronto new home prices slipped further last month. The benchmark, or typical, price of a single-family home fell to $1.61 million in May, down 7% from a year before."
Question: Is this Bullish or Bearish for RE ?
One-word answers only.
Toronto House prices now $1.6mm, down from $1.9mm during Scamdemic years.
Speculators are upset, they want answers.
Well, Tiff popped that RE Bubble.
But wait, there's more!!
Inflation now picking up, so NO more rate cuts.
Recession is on the way, another -15% to -25% downside for house prices.
YEEESH