“Over the next 12 to 18 months, we’ll probably see extra traders unloading properties just because they can not afford to have so much debt at right now’s rates of interest,” he said. Premier Doug Ford’s authorities is now getting into the third 12 months of its 10-year timeframe for the promised development of 1.5 million new houses in Ontario, and has yet to realize the annual tempo needed to attain that focus on. John Pasalis, president of Realosophy Realty Inc., provides that sellers have but to convey down their asking costs deeply enough to offset the elevated borrowing costs that consumers face.
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With mortgage ratesat the current levels, stock is still under my expectations, but it’s still such a positive story that I had to talk about it onCNBClast week. As we head into April, let’s see …