Investor Sentiment Declines

Investor sentiment has soured significantly due to simultaneous economic struggles in Brazil and a severe downturn in Toronto's housing market. Brazil's currency depreciation and rising defaults are contributing to a climate of uncertainty, while Toronto's housing prices have hit a five-year low. The U.S. market's ongoing challenges, including rising mortgage rates and decreased demand for refinancing, have further driven investors away from housing assets. Caution prevails as stakeholders are advised to maintain tight risk controls amid a lack of clear catalysts for recovery.