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May 2024 Markets Stats Analysis
May market numbers are IN!
With the spring market blooming, we’re seeing a notable increase in inventory, with new listings soaring up to a 30% increase compared to May 2023.
Prices have dipped just below last year’s levels, and the Bank of Canada’s recent rate cut—the first in four years, there is certainly a buzz happening.
The stage has been set for an exciting Spring/Summer market, brimming with opportunities for both buyers and sellers. There’s a diverse selection of properties available, and with motivated players on both sides, it’s shaping up to be an energetic season.
Curious how interest rates and new incentives to home buyers play into your goals?
Drop us a line, we’d love to get you up to speed!
Want to see more about specific area’s of the GTA
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