In 2024, Canada’s housing market is expected to experience a tale of two halves, influenced by fluctuating interest rates. The first part features slow activity and potential price dips, thanks to the Bank of Canada’s policy keeping interest rates high. But fear not, the second act could bring a thrilling rebound fueled by anticipated rate cuts. While some provinces like Ontario and B.C. face a tougher climb, regions like Alberta and Saskatchewan are already showing resilience.
Mortgage renewal shocks may prompt more sellers, balancing supply-demand dynamics.
Home resales are projected to rebound 9.2%, with varying recovery rates across provinces. A nationwide market turnaround is expected in 2025, impacting home prices positively.
Confused about navigating this changing landscape?
I can help!
How Can I Help You?
- Navigate the twists and turns: I’ll analyze your situation and recommend the best mortgage options based on your needs and the evolving market, ensuring you make informed decisions.
- Secure the best deals: With access to a vast network of lenders, I’ll fight for the most competitive rates, saving you money in the long run.
- Simplify the journey: I’ll handle all the paperwork and complexities, freeing you to focus on finding your dream home.
Don’t wait for the second half to start planning! Contact me today for a free consultation and let’s navigate this market together. Remember, even in a rollercoaster market, there’s always a smooth landing on the other side.
Jose Delgado – (647) 277-5127
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