Welcome to another episode of Brick by Brick; Building Wealth Through Real Estate.

In this episode I discuss the recent Bank of Canada announcement which called for a third interest rate reduction and I summarize what the leading economists predict when it comes to further rate cuts by the end of 2025. This is done while keeping the 7 factors that drive real estate values at the forefront of the conversation. also analyze the current state of the real estate market, attributing the slow buyers' market to high inventory and a weak Canadian labor force, and predicted an improvement with more rate cuts and job security. Lastly, I share insights on the Ontario economy, stating it is not heading towards a recession, and advised people to get into a mortgage now rather than later due to expected rate cuts and price increases.

My data is taken from daily analisys of TRREB's market stats, insights from our stats guru Chris Slightham, Broker of Record at Royal LePage Signature Realty, and these esteemed individuals that round out the trifecta:

Dr. Sherry Cooper - Dominion Lending Centres
https://sherrycooper.com/

Shaun Hildebrand - Urbanation
https://www.urbanation.ca/about

Also leading the way and providing timely information regarding the provincial regulations from the Ontario Real Estate Association is Tim Hudak, president of OREA
https://ca.linkedin.com/in/timhudak

Helping you increase wealth through #realestate

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