I'm not really much of a source for that kind of high-rise housing starts/stalls data, sorry.
I actually find the
50%+ dive in home sales totally absurd (and tragic). "Oh my god we have to pay
3.5% for a 5 year mortgage?!!"
I've owned a number of downtown properties over the years... one of my favs was a condo in a building called "The Rosdale" (not the Gupta one u/c... the original little one at Bloor and Sherbourne designed by Peter Clewes).
My wife was an RBC Direct/Dominion Securities employee at the time so we got an enormous bargain on our 5 year mortgage rate... cut all the way down to
16%!! And everyone was buying stuff all over town,
I realize inflation is a genuine concern, but this chicken little knee jerk reaction to a BoC rise of 1 point.... leaves me utterly bewildered by this gang of coulda/shoula/would-be buyers... and I feel sorry for home-owners who are seeing their property value fall like a stone. It just happened to my Mother... which partly explains the outburst.