• #0043 - Rate Cuts, Market Shifts, and the Return of the Buyers

  • Nov 10 2024
  • Length: 8 mins
  • Podcast

#0043 - Rate Cuts, Market Shifts, and the Return of the Buyers

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  • Summary

  • In this compelling episode of The Last Week in Real Estate, host Kai Tan dissects the dramatic 44% surge in Toronto's October housing market. Following the Bank of Canada's fourth consecutive rate cut, we explore the remarkable transformation across different property types and regions, from Oakville's 56% sales increase to Brampton's 50% surge. Kai provides crucial insights into the contrasting dynamics between condo and freehold markets, analyzes the strategic implications of current inventory levels, and offers valuable guidance on bridge financing and timing in this evolving market. With expert analysis on pre-approvals trending toward variable rate mortgages and a stabilizing rental market, this episode delivers essential information for buyers, sellers, and investors navigating the Greater Toronto Area's real estate landscape. For more comprehensive market insights and detailed analysis, visit www.tanteam.com.
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