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Expect sustained cost-of-living pressures based on a scan of what many life necessities will cost this year as compared to 2023: ferries, rent, etc.
A Re/Max report from late November says home prices are expected to drop by about three per cent in Toronto over the course of next year.
Homes priced below $500,000, though, remain in a seller's market.
Modest growth is expected nationally, dependent on stable, possibly lower borrowing costs.
Meanwhile, economist forecasts no rate cuts coming until mid-2024