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Homebuyers urged to be cautious despite expected interest rebound

Association forecasting a 10.4 per cent increase in residential properties to be sold this year

Home sales expected to rebound as rate cuts begin, but experts urge caution

Meanwhile, asking rents jumped 8.6% in December to hit record $2,178

Home sales expected to rebound as rate cuts begin in 2024, but experts urge caution – Ottawa Business Journal

December home sales were up 3.7 per cent compared with the same month in 2022, marking the largest year-over-year gain since August. The actual national average price of a home sold in December was $657,145, up 5.1 per cent from December 2022.

Canada real estate: higher prices, sales round out slow 2023

With interest rate cuts likely on the horizon, the Canadian Real Estate Association expects the number of homes changing hands this year to grow following a slowdown in 2023.

Home sales expected to rebound as rate cuts begin in 2024, but experts urge caution