Important to note: the Bank of Canada announced Wednesday that it would hold the key interest rate at 5% again. We’re seeing a balanced market in the City, with greater supply and prices nearly even year-over-year. Sales are on the rise!

A note on prices in the 416: there was a reduction of -9.7 per cent from December 2023 to January 2024, and prices were down -2.8 per cent year-over-year. I’ve been seeing some interesting new properties come to market in and around the Annex recently. Home sales in January 2024 increased by over one-third compared to January 2023.