Mia's Market Sense | Feb 2024 | Mia Macdonald | Real Estate

Mia's Market Sense | February 2024

The groundhog predicted an early spring, and while the weather has certainly followed that prediction, Toronto's spring market has also sprung to life earlier than usual

The number of home sales in the GTA in January 2024 was up a whopping 37% from the same time last year as homebuyers, tired of hibernating, poked their heads up once again.

With lenders offering more attractive fixed rate borrowing costs, and the Bank of Canada signalling that rates will likely come down this year, we are now seeing bidding wars and higher prices on many homes. New listings in the GTA were only up 6% year-over-year, so with less stock and more buyers, it may be a green light for listing, and if you've been waiting to buy, what are you waiting for??

Call me at 416-937-8734 or email mia@miamacdonald.ca to discuss your particular needs and situation.

Mia's Market Sense | February 2024

The groundhog predicted an early spring, and while the weather has certainly followed that prediction, Toronto's spring market has also sprung to life earlier than usual

The number of home sales in the GTA in January 2024 was up a whopping 37% from the same time last year as homebuyers, tired of hibernating, poked their heads up once again.

With lenders offering more attractive fixed rate borrowing costs, and the Bank of Canada signalling that rates will likely come down this year, we are now seeing bidding wars and higher prices on many homes. New listings in the GTA were only up 6% year-over-year, so with less stock and more buyers, it may be a green light for listing, and if you've been waiting to buy, what are you waiting for??

Call me at 416-937-8734 or email mia@miamacdonald.ca to discuss your particular needs and situation.

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