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….
Tag: interest rates
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…
Bank Of Canada 2nd Rate Cut: What It Means For GTA Real Estate
Overview: a look at the Bank of Canada’s 2nd rate cut on July 24, 2024, its impact on the GTA housing market, predictions for future rate cuts, and advice for buyers and sellers. As of July 24th, it’s also the first G7 country to cut them a second time. Reuters…
GTA Home Sales & Prices Drop In June 2024 Despite Rate Cut
Overview: examining the impacts of the Bank of Canada’s interest rate cut on the June 2024 GTA housing market, including sales, prices and inventory, plus advice for buyers and sellers. Toronto home sales fall in June despite rate cut —Ratehub.ca Toronto Real Estate Sees Fewest Sales In Decades —Better Dwelling…