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Move Smartly - Toronto Area Housing News & Ideas

@MoveSmartly

Move Smartly Realty Inc

 Toronto, Ontario
movesmartly.com
Joined September 2015
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This week, @Dave_at_IMP examines how continued job losses, slowing wage growth and weaker economic data are raising questions about the Bank of Canada’s recent rate hike and the outlook for inflation and mortgage rates - hubs.la/Q04DNH2g0
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Higher Rates Keep Toronto Area Buyers on the Sidelines in October hubs.la/Q04D1QsB0
Higher Rates Keep Toronto Area Buyers on the Sidelines in October

Higher Rates Keep Toronto Area Buyers on the Sidelines in October

Home sales fell 7% from last October, with condo sales down 10% and house sales down 6%. Higher rates and economic uncertainty are keeping buyers on the sidelines, but the City of Toronto's house...

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The Bank of Canada has raised its policy rate for the first time since 2023. This week, our mortgage expert @Dave_at_IMP explains what’s driving the increase and whether more rate hikes are ahead - hubs.la/Q04D1Ds40
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Why Canada's Population Boom Did Push Up Home Prices | Move Smartly hubs.la/Q04CL9Nz0
Why Canada's Population Boom Did Push Up Home Prices | Move Smartly

Why Canada's Population Boom Did Push Up Home Prices | Move Smartly

Canada's population boom began in 2016, not 2022, and the evidence that it pushed up home prices is stronger than the housing supply pundits admit. A look at the data behind the debate.

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With inflation edging higher, is the Bank of Canada preparing to raise interest rates? Our mortgage expert @Dave_at_IMP breaks down what could be coming next - hubs.la/Q04Cm7YM0
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The Condo Rental Glut Is Clearing Faster Than Most People Realize hubs.la/Q04BLJ210
The Condo Rental Glut Is Clearing Faster Than Most People Realize

The Condo Rental Glut Is Clearing Faster Than Most People Realize

The number of condos for rent in the Toronto area is down 29% from last year and 44% from the peak. Rents have stopped falling, but they are still about 10% below where they were in 2023.

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US inflation came in hotter than expected, but the bond market’s reaction was surprising. In this week’s mortgage update, @Dave_at_IMP explains what happened and what it could mean for Canadian mortgage rates - hubs.la/Q04BCzDt0
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What's happening in the GTA housing market? Tune in LIVE tomorrow, Oct 15th at 12 PM ET, for our Monthly Market Update! With host @JohnPasalis and guests @Smarter_RE & @DavinRealosophy from @MoveSmartly and @Dave_at_IMP, our Mortgage Expert! Watch here 👉 hubs.la/Q04B8cY50
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Replying to @Dave_at_IMP
@Dave_at_IMP looks at the latest U.S. employment data and what it could mean for the Fed’s next moves on interest rates - hubs.la/Q04zcvhf0
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Weak US Employment Casts Doubt on Urgent Need for More Fed Hikes hubs.la/Q04z9MBJ0
Weak US Employment Casts Doubt on Urgent Need for More Fed Hikes

Weak US Employment Casts Doubt on Urgent Need for More Fed Hikes

Last week we learned the US economy added an estimated 29,000 new jobs in September, well below the consensus forecast of 90,000. In addition, the US Department of Labor reduced its previous estima...

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GTA Home Sales Slow Again in September hubs.la/Q04z27k40
GTA Home Sales Slow Again in September

GTA Home Sales Slow Again in September

House sales fell 10% from last September and condo sales fell 8%. Higher mortgage rates and falling consumer confidence are slowing the market again.

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Our weekly mortgage update from @Dave_at_IMP, with the latest on rates, inflation, and the Bank of Canada 🏠📈 hubs.la/Q04ytxNL0
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A Contrarian Take on Where Canadian Mortgage Rates May Be Heading hubs.la/Q04ytw8_0
A Contrarian Take on Where Canadian Mortgage Rates May Be Heading

A Contrarian Take on Where Canadian Mortgage Rates May Be Heading

The current consensus narrative in the bond market is that spiking energy prices will lead to more generalized inflation pressure. There is little evidence of this occurring thus far, but as the...

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Why Canada Shouldn't Let Foreign Buyers Back Into Our Housing Market hubs.la/Q04ycv3w0
Why Canada Shouldn't Let Foreign Buyers Back Into Our Housing Market

Why Canada Shouldn't Let Foreign Buyers Back Into Our Housing Market

Canada should let foreign buyers purchase new homes. That would help developers pre-sell enough new single-family homes and townhouses to secure financing, boosting supply and improving affordability.

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How Seniors Are Losing Their Homes to Mortgages They Didn't Understand hubs.la/Q04y8h1D0
How Seniors Are Losing Their Homes to Mortgages They Didn't Understand

How Seniors Are Losing Their Homes to Mortgages They Didn't Understand

Last week I interviewed David Sterns, a partner at Sotos Class Actions in Toronto. He is acting without fee, along with lawyers from the Advocacy Centre for the Elderly, in a case alleging a pattern...

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The Fed’s policy-rate movements can have implications for Canadian mortgage rates. Our mortgage expert @Dave_at_IMP looks at what the latest moves could mean for Canadian borrowers and the mortgage market - hubs.ly/Q04xZJ8_0
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How the Fed’s Hike Impacts Canadian Mortgage Rates hubs.ly/Q04xZHWj0
How the Fed’s Hike Impacts Canadian Mortgage Rates

How the Fed’s Hike Impacts Canadian Mortgage Rates

In its very brief accompanying statement, the Fed assessed that “economic activity is expanding at a solid pace”, despite elevated geopolitical uncertainty. It observed “resilient” domestic spending,...

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US inflation was largely in line with expectations, but hotter core inflation could keep pressure on interest rates. @Dave_at_IMP shares his latest mortgage advice and what it could mean for Canadian borrowers - hubs.la/Q04xs-QS0
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Is the US Federal Reserve About to Hike? hubs.la/Q04xsRgD0
Is the US Federal Reserve About to Hike?

Is the US Federal Reserve About to Hike?

The US Consumer Price Index (CPI) increased by 3.4% (annualized) in August and by 0.4% month-over-month. Both results were in line with the consensus forecast. But the US core CPI, which strips out...

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We’re LIVE tomorrow 👉 September 10th at 12 PM ET - join us for our Monthly Market Update 🎥 With host @JohnPasalis and guests @Smarter_RE & @DavinRealosophy from @MoveSmartly and @Dave_at_IMP, our Mortgage Expert! hubs.la/Q04x3tNz0
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