Overview: a look at the November 2024 GTA housing market data, including sales, prices and inventory, the impact of the central bank’s most recent rate cut, and advice for home buyers and sellers. Five rate cuts—including two jumbo-sized ones—tend to have that effect. Sales and prices are up, more sellers…
Tag: interest rate cut
GTA Home Sales Surge 44% In October 2024 Following Rate Cuts
Overview: a look at the October 2024 GTA housing market numbers, including sales, prices and inventory, the impact of rate cuts, and advice for home buyers and sellers. Our last market report talked about GTA real estate showing signs of recovery. Since then, the housing market hasn’t just recovered—it’s been…
Oversized October Rate Cut: Will GTA Home Buyers Return?
Overview: a look at the Bank of Canada’s October rate cut of 50 basis points, its implications for the GTA housing market, and advice for buyers and sellers. Since inflation eased to 1.6% in September, experts have been predicting a larger-than-usual rate cut from the central bank—and they were right….
GTA Housing Market Recovery: Sales Rise In September 2024
Overview: a look at the September 2024 GTA housing market data, the impact of previous rate cuts, predictions for future rate cuts, and advice for buyers and sellers. August was a brutal month for GTA real estate, with both sales and prices dropping despite the Bank of Canada (BoC) slashing…
August 2024 GTA Housing Market: Prices Drop Despite Rate Cuts
Overview: a look at the August 2024 GTA housing data, including sales, prices and listings, the impacts of three rate cuts on buyers and sellers, plus advice for navigating the current market. After slashing interest rates on June 5th and July 24th, the Bank of Canada (BoC) did so again…