“It’s a complex thing our economy. Some things make prices rise, other things push consumer confidence down and that’s the kind of turmoil that Canadians are wrestling with right now,” Soper said.
“Demand for housing in Toronto and the surrounding region remains strong. Despite a slight increase in new listings in recent weeks, competition is still very tight among buyers looking to enter the market ahead of further interest rate hikes,” Royal LePage’s Chief Operating Officer Karen Yolevski said in a press release.