Recent rate cuts by the Bank of Canada have significantly influenced buyer behaviour in the Windsor-Essex real estate market. With lower borrowing costs, potential home-buyers are more inclined to enter the market, seeking to take advantage of favourable mortgage rates.
Recent trends indicate a noticeable stabilization in Canada’s housing market following the Bank of Canada’s decision to cut interest rates. New residential listings have increased, suggesting that homeowners are feeling more confident about selling their properties. Additionally, sales activity has shown signs of resurgence, with a rise in both the number of transactions and average home prices in various regions.
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