Right at Home Realty
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Just purchased!

Congrats to Trent on the purchase of his first home!  I’ve always been a big fan of looking at homes around the slow months of the year, and we got a great deal, for a great guy, on this one!  

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Key Takeaways from Tiff Maklem's press release; core inflation is expected to stay around 2% over the next few years.  Economy is in excess supply, and growth outlook is now softer than expected in October.  The effect of lower interest rates has elevated household spending, and future cuts - will be measured 'one decision at a time', suggesting slower, smaller cuts moving forward. 
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November Market Report.

November continued the strength of the residential real estate market we saw in October; sales were up nearly 46% compared to the slowdown of November 2023, with a very robust sales to list ratio of 78% (highest in three years).  Months of inventory has slowly increased as expected for this time of year, but with a strong absorption rate and a projected jumbo rate cut tomorrow, the end of the year is looking to finish on a high note.  

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October Market Stats are out!  October featured a very strong market, with many confident buyers shopping for homes as they try to get ahead of falling interest rates.  November looks to continue this trend, and if supply of homes (months of inventory) deminish, the months of inventory will quickly fall. 
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Market Report - Sept. 2024.

September featured a brisk market, with sales rising 11.4% versus September of last year. Prices have been stable, the September monthly average price of 685k slightly nudges the year-to-date average of 679k. Months of inventory have increased to 3.4, a .4 jump over August as a jump in new listings continue to add to the supply, giving buyers even more choice for homes.

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August inflation cooled unexpectedly to 2.0%.  Largely driven by housing costs, the snowball affect of declining home costs will continue to weigh down inflation further.  The BOC needs to get ahead of inflation to prevent a soft economy from deteriorating further. 
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