this post was submitted on 20 Aug 2023
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There’s a simpler explanation: demand has been very low due to rising interest rates, and supply is catching up the tiniest bit.
Then again, I’m not sure what the baseline for the number of luxury homes in the GTA should be. Is this more than average? By how much?
I’m not ruling out this unnamed source. Maybe the rumour is true. But I’ve also seen a lot of bad information spread online with too few people asking questions.