Housing Demand Rebounds in Canada on Anticipation of Rate Cuts, Fueling Competitive Market
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Homebuyers in Canada are rushing back into the market, anticipating rate cuts from the Bank of Canada that could spur a buying frenzy.
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Buyer psyche has shifted more optimistic on home prices; multiple offers and bidding wars have returned in some areas.
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Pent-up demand expected from buyers waiting for more affordable rates, anticipating Bank of Canada rate cuts.
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Record immigration continuing to drive demand amid shortage of affordable housing supply.
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Government policy changes to increase supply and curb demand expected to take years to impact market.