We had a positive start to 2024. The Bank of Canada expects the rate of inflation to recede as we move through the year. This would support lower interest rates which would bolster home buyers' confidence to move back into the market. First-time buyers currently facing high average rents would benefit from lower mortgage rates, making the move to home ownership more affordable. Once the Bank of Canada starts cutting its policy rate, likely in the second half of 2024, expect home sales to... [read more]