agentanthony.ca

Right hand, then left.

He’s now 10!
Showcasing his favourite thing at the moment……..his new team!

I know what they meant….

The Bank of Canada announced a 50-basis-point cut to its overnight lending rate today, reducing it to 3.25%. This move is expected to significantly lower borrowing costs, potentially sparking renewed buyer and seller activity in the 2025 housing market.

Lower rates, higher confidence - Why it’s a game-changer for buyers

TRREB: GTA Home Sales Up Substantially in November

TORONTO, ONTARIO, December 4, 2024 – Greater Toronto Area (GTA) home sales increased strongly on a year-over-year basis in November 2024. Many buyers benefitted from more affordable market conditions brought about by lower borrowing costs. New listings were also up compared to November 2023, but by a much lesser annual rate. This meant that market conditions tightened, resulting in overall average price growth compared to last year.

Today’s first-time homebuyers are older than ever, with the median age hitting 38— a shift largely due to financial obstacles like the 2007 financial crisis, increasing student debt, and the impact of the COVID-19 pandemic.

Homeownership among millennials currently varies widely: 37% of younger millennials (ages 28-34) own homes, compared to 62% of those ages 35-43. As their wealth grows, more are finding opportunities to enter the housing market.

Explore cities tailored for millennials based on affordability and lifestyle by DM’ing me and I’ll send you this Very Informative Zoocasa article.

Proud Sponsor of my eldest son’s team..!

Market Watch: Sales and Average Selling Price Increases in October.

Greater Toronto Area (GTA) home sales increased strongly year-over-year in October 2024. Over the same period, new listings were up, but by a lesser annual rate.