Greater Toronto home sales jumped again last month on a year-over-year basis, as the Toronto Regional Real Estate Board says lower borrowing costs made properties more affordable for buyers.
Rob McLister, mortgage strategist of MortgageLogic.news joins BNN Bloomberg to discuss the effects of rate cuts on real estate, housing market.
“As we approach the end of 2024, I am pleased to report an improvement in housing market conditions,” said board president Jennifer Pearce in a press release. Sales figures have risen nationally in recent months, marking a shift from the market’s holding pattern as the Bank of Canada continues to lower its key interest rate.
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Greater Toronto home sales jump in October after Bank of Canada rate cuts: boardThe Toronto Regional Real Estate Board says home sales in October surged as buyers continued moving off the sidelines amid lower interest rates.
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