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  ©Copyright by top real estate agent in Toronto/GTA, senior broker, Daisy Huang, July 2022. In the last episode, we talked about “If the interest rate rises to 20%, what will happen to GTA property price?”. We said that the cooling-off period of the real estate market is the most suitable for “home hunting”. In this episode, Daisy Huang wants to share some snapshots of the Greater Toronto market based on June data, hoping that while we discuss the impact of inflation and interest rate hikes on home prices, we can also bring you more sense of reality, increase the visibility of the GTA marketplace and capture opportunities. The following are 5 snapshots of GTA real estate market by “Daisy Realty List®”. It should be disclaimed that the data is based on a snapshot of one month of June, the ranking will deviate from the annual average ranking. For more detailed and real-time market dynamics, please contact Daisy Huang. Let's first look at the [Snapshot of the average price of single-...

  ©Copyright by top real estate agent in Toronto/GTA, senior broker, Daisy Huang, July 2022. What will happen to Toronto home prices if interest rates rise to 20%? This is the topic of today's episode. As of June 2022, affected by the substantial interest rate hike by the Central Bank of Canada, although the average property price in the Greater Toronto Area is still up 5% year-on-year, the average price has fallen back to the 20-year baseline compared with the previous month. What everyone is most concerned about at the moment is: How will interest rate hikes and the hike expectations affect the trend of property prices in Greater Toronto? Each period has its own era context and uncertainties. I do not intend to predict the future, but we can learn from experience and get some references from history. The time that is most similar to the current inflation environment can be traced back to more than 40 years ago, that is, the late 1970s and 1980s… Take the United States in the pict...