š” Canadian Housing Market Update š”
The market remains in a holding pattern as both buyers and sellers wait for lower interest rates. Sales saw a slight rise in August š, but are still down from last year. With rates expected to drop below 4%, first-time buyers may find better affordability soon! š°
š Average home price: $649K
š Listings up 18.8% from last year
š Market activity expected to pick up by Spring 2025!
The question remains: will lower rates be enough to balance rising home prices? š¤
Follow realwillmansour for more!
#HousingMarket#RealEstateCanada#FirstTimeBuyer#InterestRates#HomeSales#PropertyMarket#TorontoRealEstate#CanadianHousing#Spring2025#HomeAffordability