#torontorealestate #canadianrealestate #BankfoCanada
Toronto’s real estate prices fell for the first time since December in May. However, Canadian media and real estate ‘experts’ are predicting a quick turnaround now that the Bank of Canada has cut interest rates.
Links:
GTA REALTORS® Release May 2024 Stats:
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Toronto home sales decline as buyers await mortgage rate relief:
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Toronto Real Estate Spirals As Inventory Surges, Demand Hits Historic Low:
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Toronto’s real estate market continues to be so overrun with homes no one is buying:
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Toronto homebuyers are holding out for a rate cut as May sales, prices fall flat:
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Bank of Canada cuts key interest rate for the first time in four years to 4.75%:
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Royal LePage president predicts ‘material lift’ in home sales after BoC rate cut:
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Bank of Canada's rate cut could spur housing demand as Toronto home sales fall in May:
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‘It’s a sign that things are starting to flip’: These two groups of homebuyers are set to benefit from Bank of Canada rate cut, expert says:
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Bank of Canada Cuts Rates to 4.75%, Signals More to Come:
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Bank of Canada cut could potentially boost homebuyer activity:
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‘When rates go down, prices go up’: What’s in store for Toronto amid Bank of Canada cut:
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Big US Job Gains Is Out of Sync With Recent Weaker Economic Data:
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Canada 5 Year Government Bond:
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85-offer bidding war comes to an end with Mississauga house sold:
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They’re back: The GTA is seeing bidding wars once again:
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Is Low Supply Keeping Canadian Real Estate Prices High?:
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Home prices will return to pandemic peak by end of 2024: report:
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Bank of Canada Holds Key Interest Rate, but the Cost of Your Mortgage May Still Go Up:
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Toronto home prices now expected to rise 11 per cent by year end, Royal LePage says:
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Mark Mitchell – Mortgage Broker London Ontario
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MarkMitchell@LondonOntarioMortgages.ca
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