Part 16/18:
The outlook remains uncertain. The key indicators for a potential rebound—consistent increases in sales, a sustained drop in active listings, shorter days on market, and revival of new construction—have yet to materialize. September’s modest uptick was short-lived, and the future success of the market hinges on improvements in employment, wages, and consumer confidence.
Economists warn that interest rate adjustments alone cannot reverse the deeper economic issues at play. Unless job creation and wage growth return robustly, Toronto’s housing market may continue to struggle. Developers are wary, delays and cancellations persist, and agents face an uphill battle to maintain livelihoods.