94% chance that the BoC has cut rates at 125 Bps by March 2025

April 23, 2024
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94% chance that the BoC has cut rates at 125 Bps by March 2025

94% chance that the BoC has cut rates at 125 Bps by March 2025

2024 Market Outlook
21st Feb. 2024 @ 10am
Hosted by the Toronto Real estate Board
Mississauga Convention Center
Attended by FH Keystone

Facts & Insight:

What is affordable housing?

In Canada, housing is considered “affordable” if it costs less than 30% of a household’s before-tax income. Many people think the term “affordable housing” refers only to rental housing that is subsidized by the government.

31% of the purchase price of every new home built in Ontario includes govt.-imposed fees, charges + taxes.

The inflation rate hoovering just below 3% (2.9%) has indicated a likelihood of changes towards the interest rates starting the 2nd half of 2024.

42% chance that the BoC has cut rates 25 Bps by June 2024
78% chance that the BoC has cut rates 100 Bps by December 2024
94% chance that the BoC has cut rates 125 Bps by March 2025

2 big decision factors when people are considering moving, adjusting expectations.
LOCATION + PRICE

Top 5 reason why people will list their home!

  • I want to move to a bigger home -23%
  • I want to make money/profit – 22%
  • Buying another home – 21%
  • I want to move to a different city/neighbourhood/province – 18%
  • My life family is changing – 18%

Please email us at info@fhkeystone.ca for a copy of the full report or book a complimentary consult with us.

Written by:
Tanya Fernandes
Broker | Owner

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