TRREB: Housing Market Gets More Affordable in 2024 with Lower Rates and Prices

“Borrowing costs were top of mind for home buyers in 2024. High interest rates presented significant affordability hurdles and kept home sales well below the norm. The housing market did benefit from substantial Bank of Canada rate cuts in the second half of the year, including two large back-to-back reductions. All else being equal, further rate cuts in 2025 and home prices remaining below their historic peaks should result in improved market conditions over the next 12 months,” said the Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule. Read More

TRREB: Housing Market Gets More Affordable in 2024 with Lower Rates and Prices

TRREB: Housing Market Gets More Affordable in 2024 with Lower Rates and Prices

TRREB: Housing Market Gets More Affordable in 2024 with Lower Rates and Prices

TRREB: Housing Market Gets More Affordable in 2024 with Lower Rates and Prices

TRREB: Housing Market Gets More Affordable in 2024 with Lower Rates and Prices