Toronto Real Estate – What's next…

With the US in a slump and the TSX taking a nose dive, we have to ask ourselves where should we invest?  I still believe the Toronto real estate market has a place in out portfolios and that place is a safe bet.

 So another day comes and goes and so goes the market.  Just yesterday we had a disasterous falling out of the Toronto Stock Exchange and now today, we bounce back.  The US federal reserve slashed it’s overnight lending rate by 75 basis point and the Bank of Canada cut theirs by a mere 25.  Although the Bank of Canada left the door open for future cuts. 

With interest rates falling it looks like the real estate market here is Canada will survive this little economic down turn.  We may not see the increases of the past but moderate more stable increases that will benefit home owners and the economy.

 More to come….

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