December Numbers are In. Are we in a Recession? Presale Risk and the Turning Point in the Housing Market.

CURRENT INTEREST RATES IN CASE YOU MISSED IT...MORE REAL ESTATE NEWS Kitchener-Waterloo leads nation in housing price decreases since June: report (City News) 'Market conditions': Slow December caps off worst year for GTA real estate sales in 23 years (Brampton Guardian) Real estate prices have dropped in many Ontario markets since June. These are the communities with the biggest declines (CP24) National Post – Kitchener-Waterloo leads price fall in Canadian real estate: report Toronto is a step closer to building one of the largest affordable housing projects in decades (CBC News)  'People need to have comfort': House prices keep rising in Oakville but dropping in Burlington while sales drop in both municipalities, new real estate report reveals (Inside Halton) Economists see 'turning point' in housing market this year as interest rate cuts loom (CTV News) 82 per cent of Canadians believe the country is in a recession: survey (iHeartRadio) A wave of defaults has real estate lawyers urging presale buyers to be cautious (CBC News) The brutal 2023 housing market was just like the 1980s—except with a little bit of Global Financial Crisis thrown in (Yahoo! Finance) Financial Post - GOLOMBEK: Buying your first home? These are the top 3 tax strategies to use Financial Post – This Canadian housing market just had its worst year since 2000 Financial Post – Mortgage payments set to jump $400 a month, but Canadians can cope, say banks Financial Post – Housing market faces 'turning point' with Bank of Canada rate cuts this year National Post – HOLMES: How to make the most of multi-generational living Globe and Mail – Economists see ‘turning point’ in Canadian housing market this year as interest rate cuts loom Fixed mortgage rates are on the decline. Is now the time to lock in? (Global News) Canadian homeowners face large increases to property taxes (CTV News) Digging for deals in the winter real estate market (The Globe and Mail) Even with expected rate cuts, mortgage payments will continue to rise for years: BoC research (Canadian Mortgage Trends) The housing market is heading for the affordability of 2 years ago, Morgan Stanley says. Here’s why its home price forecast is unchanged (Yahoo! Finance) As weather-related disasters mount, some Canadian homeowners can't get insurance coverage (CBC News) Interest rate cut forecasts for 2024 too optimistic, National Bank CEO warns (The Globe and Mail) Strategies to reveal winter real estate deals (The Globe and Mail) Calgary transforms old offices to apartments; experts say other cities should follow (CTV News Calgary)   Diana Winger, REALTOR® CNE, SRS, SRES, ABR Mortgage Agent, Level 1 Valko Financial LTD #13047 eXp Realty | Dominion Lending Centres |  226-705-3369 | 250-588-8839 ON YOUR TEAM! WingerRealEstate.com Housesforsale365.com   |   SearchBestMortgages.com     Share Tweet Forward

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