The Place Ontario’s Housing Market Is Headed In 2024
“Over the subsequent 12 to 18 months, we’ll most likely see extra buyers unloading properties just because they cannot afford to have so much debt at today’s interest rates,” he said. Premier Doug Ford’s government is now entering the third yr of its 10-year timeframe for the promised development of 1.5 million new properties in Ontario, and has but to realize the annual tempo wanted to achieve that focus on. John Pasalis, president of Realosophy Realty Inc., provides that sellers have yet to convey down their asking prices deeply enough to offset the elevated borrowing costs that buyers face.
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