If you’re a home buyer on the sidelines, take note: we’re about to reach that sought-after period when you can purchase a house in a slower, cheaper market where mortgage rates are at a level you can stomach.
Mortgage brokers, realtors and other experts say it is difficult to predict when that moment might come, but it may be in the late fall or early winter if interest rates keep falling consistently. Canadians are still struggling with the impact of inflation and the economy is uncertain, which has prevented the housing market from being whipped into a frenzy by the Bank of Canada’s rate-cutting cycle.
That cutting cycle, which
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