If there’s one word that could describe the Canadian real estate market in the past few years, it’s “rollercoaster.” First, 2020 and 2021 brought record-breaking home prices as the pandemic spurred Canadians to find a place to call their own. This demand, coupled with a low supply of homes for sale, led to an unprecedented run-up in home prices across the country.

This wild west of home buying ended in 2022 when rising interest rates led to a cooling of home prices across Canada. While higher interest rates meant the cost of a mortgage was higher, 2023 was the first year since the beginning of the pandemic that Canadian homebuyers could hope to purchase their homes in a buyer’s market and get the upper hand in their purchases.

Read the full article here:  2024 Canada Housing Market Report: Trends in Homebuying | Zolo

Angela Calla is an 19-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code“, Angela educates prospective home buyers by providing vital information on mortgages. In light of this, her success awarded her with the 2020Business Leader of the Year Award.

Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at hello@countoncalla.ca or at 604-802-3983.

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