Health of the Canadian economy, geopolitical tensions and financial market volatility have rattled many investors and business owners
This five-bedroom Edwardian at 403 Palmerston Blvd. in Toronto's Little Italy neighbourhood sold for its full asking price of $7.895-million after six days on the market.An unsettled fall is looming for the Toronto-area real estate market as buyers evaluate factors ranging from the health of the Canadian economy to geopolitical tensions and financial market volatility.
Questions about the strength of the U.S. economy also rattled many investors and business owners, he says. They plan to wait it out on the assumption that buyers will find relief from a decline in interest rates. He points out that the Bank of Canada’s benchmark rate at 4.5 per cent is not high compared with the rates of previous decades.
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