Banks Signal They Are Ready to Make Deals…
Spring Market Should Be Brisk
I hope this letter finds you in good spirits and that 2025 is off to a good start for you.
According to the latest Market Watch report from the Toronto Regional Real Estate Board (TRREB), January 2025 brought some promising signs for home buyers. There were 3,847 actual home sales (not those fancy seasonally adjusted numbers), showing that buyers are jumping back in. Prices are stabilizing, and new listings are on the rise—finally, some balance in the market!
But here’s the real kicker: Mortgage rates just dropped! Thanks to falling Government of Canada bond yields, you can now lock in a 5-year fixed mortgage for under 4%. That’s right—less than 4%! If that’s not a sign to jump in, I don’t know what is.
if you’ve been thinking about buying, upgrading, or just curious about the market, now is a fantastic time. Let’s chat!
If you know of anyone thinking of buying or selling, please contact me so that I can help them. This is a great time to get into the market.. And as always, I appreciate your help in making my business successful.
Your Friend in Real Estate,
Howard