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Pent-up demand and a drop in prices have fuelled sales in late December and into January, but economists warn that the market continues to face headwinds
Buyers who had been sitting on the sidelines are expected to come back into the market as the Bank of Canada is expected to start cutting interest rates this year
According to Patrick Rocca, a broker with Bosley Real Estate, some buyers gauged that December might turn out to be the market’s low point before a possible rally if interest rates drop