There’s common consensus amongst these consultants that sales volumes will stay sluggish within the first a half of 2024, till or until mortgage charges come down significantly, or sellers start accepting lower bids. The pace of home gross sales in Ontario in 2023 hit lows not seen the turn of the century, and with little evidence that mortgage rates will drop considerably any time soon, forecasts are predicting the sluggishness to continue into early 2024. The tempo of house gross sales in Ontario in 2023 dropped to lows not seen this century, and with little evidence that mortgage charges will drop significantly any time quickly, forecasts are predicting the sluggishness to proceed into early 2024. The demand for property from overseas Vietnamese people is on the rise, helped alongside by revised land, housing and real estate legal guidelines.
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