2 Early Trends that maybe predicting the 2024 Canadian real estate market!

Hi Everyone,
Welcome to 2024 and it sure already seems like it will be a busy one.
Here are two early trends already showing signs of predicting what the 2024 year in real estate home prices will have.
1. With bond rates up, the fixed rates are down. All 5 major banks have dropped their rates and 5% for a 3-5 year fixed is now on the table. It was %6.39 just a couple months ago!
1.b. A higher interest in Bonds means people/investors/corporations believe the interest rates will drop
2. Showings are up around 100% in most GTA larger cities which also means there are many more buyers actively looking to pull the trigger on a home. There is some urgency to get a home now, speculating on price increases ahead.
2.b. The least expensive homes are starting to sell again, and quickly. Looks like demand is climbing back up.
What that means if you are a buyer... Buy now don;t wait. Prices and competition is likely to increase if these trends continue in the Spring.
If you are a seller: Sit tight and get your home ready for the middle to tail end of the Spring. You should have lots of interest.
If you are a seller that is waiting for the market to go crazy again... well no one can prediction that, but if all these rate cutes happen, then the 2025 market will be a very, very busy one!
Good Luck out there!
Filip hajduk
[e-mail]
dukerealyhomes.com
Remax Real Estate Centre
1-647 460 0911

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[@filiphajduk1580]

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[@YouTube_Marketing_SEO]

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[@YouTube_Marketing_SEO]

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