“It’s clear that more Interest rate reductions are needed for improved affordability.”

Dear Valued Clients,

The Canadian housing market is yet to show promising signs of recovery despite a recent rate cut. With average rents slowing to a 7% growth rate and an influx of condos hitting the market in Toronto, there are unique opportunities for both buyers and renters.

For Buyers: Now is an excellent time to consider purchasing, especially with the increased supply of condos and what is expected as favorable borrowing conditions. Take advantage of the current market dynamics to secure properties at competitive prices.

For Sellers: There is an increase in market activity however, sales take longer as many buyers are sitting on the fence waiting to see where the market will go. If you’re considering selling, pricing correctly is everything. The next few months are a strategic moment to list your property and maximize returns.

Stay ahead in this dynamic market with our expert guidance. Let us help you navigate these opportunities to make informed decisions and achieve your real estate goals.

Enjoy reading our July 2024 Market Report