Selecting the Best Offer for Your Toronto Property: A Home Seller’s Guide
July 22, 2024 ⚊ 1 Min read ⚊ Views 26 ⚊ BLOG
On June 5, the Bank of Canada (BoC) cut the interest rate to 4.75%, the long-awaited rate cut after 4 years. Also, the BoC hinted at potential rate cuts if inflation continues to climb down.
If and when this happens, the sluggish housing market in Toronto and elsewhere will grow legs. The lower mortgage rates will draw in more homebuyers to the market, driving up the demand for MLS listings in Toronto.
Tags: #real estate
