Overview: a look at the Bank of Canada’s (BoC) January 2025 rate cut, plus its impact on GTA home sales, prices, mortgages, buyers and sellers. On January 29th, the Bank of Canada (BoC) slashed interest rates from 3.25% to 3%. The 25 basis point reduction marks the sixth consecutive time…
Tag: 2025 housing market
2024-2025 GTA Housing Market: Review & Forecast
Overview: a look back at 2024 and predictions for the 2025 GTA housing market, including home sales, prices, inventory, interest rates, insured mortgage caps and more. Interest rates dictated whether buyers would return, sellers would list, how much inventory was available, and whether prices would go up or down. When…