Hey everyone, Yinan here!
We’ve all been counting on rate cuts this year to give the GTA real estate market a boost… but the latest data is telling a different story:

• Inflation: June ticked up to 1.9%, with core inflation (CPI median/trim) still stuck above 2%.

• Jobs: Unemployment dropped from 7% to 6.9%, with 83,000 jobs added in June.

With inflation creeping up and the job market improving, the Bank of Canada has fewer reasons to cut rates anytime soon. Bond yields are climbing again, which means fixed mortgage rates are staying higher for longer.

Do you think the GTA real estate market can recover without more rate cuts? Or will we need to wait until 2026?

👇 Share your thoughts in the comments – I’ll be diving into the data in my next video!