In this week's episode of The Last Week in Real Estate, we dive deep into the transformative changes reshaping Canada's housing market. From the Bank of Canada's fifth consecutive rate cut bringing rates to 3.25%, to groundbreaking changes in mortgage rules raising the insured cap to $1.5 million, December 2024 is proving to be a pivotal moment for real estate. We explore the 26% surge in November home sales, analyze the contrasting trends in new construction, and examine the rental market's biggest supply increase in three decades. Visit www.tanteam.com for more detailed analysis and market insights that can help you navigate these changing conditions.

In this week's deep dive into the real estate market, we explore the game-changing implications of the Bank of Canada's 50-basis point rate cut, bringing the overnight rate to 3.25%. With mortgage rates expected to follow suit and significant policy changes coming in January 2025, we're witnessing a pivotal moment in Canadian real estate. From variable-rate mortgage holders seeing immediate relief to new opportunities for first-time buyers, this episode unpacks what these changes mean for everyone in the market.

In this week's episode of The Last Week in Real Estate, we dive deep into Toronto's surprising 40% surge in November home sales and what it means for buyers and sellers. Host Kai Tan analyzes the perfect storm of market conditions: four consecutive interest rate cuts, upcoming changes to mortgage rules, and fresh employment data suggesting more rate cuts ahead. Learn why the traditional winter slowdown might not apply this year, and discover strategic opportunities in both the detached and condo markets. For comprehensive market insights and more detailed analysis, visit www.tanteam.com.