When Are We Coming Out of this Income Property Slump?
Toronto Real Estate has seen declining YTD numbers and income property returns have been questionable with the higher borrowing rates over the past two years.
Here are some YTD statistics on Toronto Real Estate so far this year:
The biggest question on everyone’s minds is when are we getting back to where we were a couple of years ago? Or are we ever getting back? Even though cap rates have been increasing, the bottom line is that Toronto income properties are not as desirable as they once were due to the higher carrying costs. Many buyers and sellers have been tentative about making a move to market since we are still waiting for interest rates to come down further and for a tariff deal to be made with the USA. I think once the general consumer has confidence in our Canadian economy, then we will see a more active market and properties not sitting idle for quite as long.
