Happy Monday!

Quick update, current inventory 13,133 units and 638 selling.

Very steady even flow listing and sells.

What to watch out for inflation has remained stagnant at the same amount at 6.9% for September and October. What to look out for the Bank of Canada is meeting on December 7th with potentially another rate increase before the end of the year.

On another note a new luxury tax coming down the pipe something I’m not surprised about that I have mentioned 2-3 months ago, is basically every home over 1 million dollars will have a new luxury surtax attached to it. The problem is that they lumped in all of Canada under this 1 million dollar range, but the average home in Ontario is basically over 1 million dollar there is only some products that will fall under the 1 million dollar mark that are condos and condo townhouses, other then that freehold town/Semi/Detached, meaning that everyone majority of the province material will have a new luxury tax going forward.