The Great Turnaround: What to Expect in the Canadian Real Estate Market

MESSAGE FROM ELENA

Dear <<First Name>>,

The winter break is drawing to a close, and it's time to return to our daily lives. This weekend we celebrated the "Old New Year," a holiday based on the old calendar. It was a joyous occasion with my children, their friends, and our family gathering together – truly memorable moments. Now, it's time to refocus on work.

In real estate news, there's a growing consensus among publications and experts that the housing market is poised for a resurgence this year, thanks in part to falling interest rates. Banks are beginning to reduce their rates, and I've noticed an uptick in home sales, although prices remain on the lower end.

If you're curious to learn more, feel free to reach out to me.

Best Wishes,
Elena

ARTICLE NEWS AND PUBLICATIONS

Here is what may be in store for Toronto's housing market in 2024

Skyrocketing borrowing costs coupled with economic uncertainty left many potential homebuyers in the GTA sitting on the sidelines in 2023.

Canadian mortgage holders can cope with loan renewals, banks say

With about 14 per cent of Canadian mortgage holders set to renew their loans this year, the CEOs of the country’s big banks say they’re confident the resulting interest-rate hikes won’t crush customers or lead to a wave of defaults.

Stuck in the Middle: What is Missing Middle Housing?

A well-served housing market means different things for different cities—and, on a more granular level, different neighbourhoods. Some people benefit more from multi-family buildings, others are better served by a larger share of single-family homes. One trend in many major Canadian markets is missing middle housing, even in those that stand to benefit from it.

ELENA GORDON

Broker of Record

RE/MAX Gordon Group Realty

647-400-9603