CANADIANS FEELING LESS PESSIMISTIC ABOUT THEIR FINANCIAL POSITIONS, EAGERLY EYING RATE CUTS TO REENTER HOUSING MARKET
However, a growing number say they feel they are in a better financial position compared to a year ago.
- However, a growing number say they feel they are in a better financial position compared to a year ago.
- However, anticipated interest rate cuts in the coming months, coupled with Canadians' optimism regarding their financial situations, suggests that activity in the real estate market is poised to grow quickly once rates start to decline.
- Despite ongoing recession concerns, Canadians are feeling less pessimistic about their personal finances compared to Q4 2023.
- "Many are eagerly awaiting lower rates to jump back into the housing market, and it's clear that the expected interest rate cuts in the latter half of 2024 will bolster the pent-up demand for housing.