Real Estate Sentiment Rising On Rate Cut Expectations

The real estate market in 2024 has seen a surge in activity since January 1st marked by increased optimism not witnessed in almost a year. In this episode we look at several factors that are contributing to this shift, with a primary focus on the Bank of Canada's anticipated actions, fixed mortgage rates, Toronto's unique market dynamics, the rental market, and immigration issues.The BoC is expected to implement rate cuts in 2024, with projections indicating the first cut likely in March. For...