“If you feel that these costs are really too excessive and that they may come down, no matter how motivated you are to buy a house, you will have a bent to attend and see,” he stated. “It’ll turn round eventually, however proper now I think that buyer sentiment is entrenched.” Butler says “buyer sentiment” could have a big impression on prices in 2024. Real estate agency Royal LePage is forecasting a six per cent rise within the common house value within the Greater Toronto Area by the top of 2024, and a 4.5 per cent rise in Ottawa. TD economist Rishi Sondhi predicts gross sales volumes to remain comparatively low within the coming year, though better than what the numbers have been in 2023.
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