Ask the Expert: Steve Garganis – Solutions for a flatlining condo market and New Year predictions

With 2024 behind us and the new year upon us, the housing market is in a delicate balance. Interest rates are declining, which is great news for borrowers. However, these cuts are giving way to a small rebound in the housing market, and, to many real estate watchers, threatening to bring on another affordability crisis.

At the same time, no jumbo cut nor government incentive to bring first-time homebuyers into the field seems to be helping a stagnated condo market.

In my interview with RATESDOTCA, I shared my thoughts on what buyers and sellers can expect in 2025 and some moonshot ideas on how to revive condo development in Canada. Read more – Interview with Steve.

 I hope you will enjoy this article and if you have any questions or would like to discuss I am always available.

Your best interest is my only interest. I reply to all questions and I welcome your comments. Like this article? Share with a friend.

Steve Garganis: 416-224-0114; steve@canadamortgagenews.