Stronger fall seen breaking Toronto housing market lethargy
The malaise hanging over the Toronto-area real estate market appears set to linger into August, but signs are pointing to renewed vigour in the fall, according to one industry veteran.
Sales have been lethargic in recent weeks, and even the Bank of Canada’s recent move to cut its benchmark interest rate to 4.5 per cent from 4.75 per cent doesn’t appear to be the catalyst needed to rejuvenate prospective buyers.
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