{"id":411936,"date":"2024-11-26T14:30:02","date_gmt":"2024-11-26T14:30:02","guid":{"rendered":"https:\/\/marc-andre-martel-staging.jurassicodes.com\/2024-wrapped-up-in-a-bow\/"},"modified":"2024-11-28T14:44:14","modified_gmt":"2024-11-28T14:44:14","slug":"2024-wrapped-up-in-a-bow","status":"publish","type":"post","link":"https:\/\/marc-andre-martel-staging.jurassicodes.com\/en\/2024-wrapped-up-in-a-bow\/","title":{"rendered":"2024, wrapped up in a bow."},"content":{"rendered":"\n

October was on fire, with official numbers showing a staggering 43% year-to-year increase in the number of sales.
Looking at the graph below, I can\u2019t help but feel that we\u2019re at the beginning of a long stretch of upward-trending market.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Canada has officially started cutting interest rates in 2024, sparking plenty of discussions in the market.
We saw the first three cuts of a quarter-point each, followed by a substantial 50-basis-point drop on October 23rd, bringing the Bank of Canada’s rate down to 3.75%.
The next rate announcement is scheduled for December 11th, 2024, with economists anticipating the potential for another 50-basis-point cut. This would lower the rate to 3.25%. The prediction is driven by signs of slowing economic growth and inflation dropping below the central bank\u2019s 2% target.<\/p>\n\n\n\n

While rate cuts are intended to stimulate the economy as a whole, they have a significant impact on real estate.
With limited new construction and a growth in the population entering the province of Qu\u00e9bec, I believe we\u2019re poised to see some fascinating developments in these next twelve months.<\/p>\n\n\n\n

So far this year, the increase in sales and the rise in the number of homes available on the market, have been neck-and-neck. Both have hovered around 14-15%. This balance has kept supply-and-demand stable, resulting in relatively steady prices.
However, this latest development suggests that if sales continue to climb at this pace, demand will quickly outstrip supply, leading to a significant increase in real estate prices.<\/p>\n\n\n\n

It\u2019ll be exciting to see how this all unfolds. And, as always, my team and I will keep a close eye on the market and keep you informed of any and all emerging trends.<\/p>\n","protected":false},"excerpt":{"rendered":"

October was on fire, with official numbers showing a staggering 43% year-to-year increase in the number of sales.Looking at the graph below, I can\u2019t help but feel that we\u2019re at the beginning of a long stretch of upward-trending market. Canada has officially started cutting interest rates in 2024, sparking plenty of discussions in the market.We […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[84],"tags":[],"class_list":["post-411936","post","type-post","status-publish","format-standard","hentry","category-real-estate-and-news"],"acf":[],"yoast_head":"\n2024, wrapped up in a bow. - \u00c9quipe Mark-Andr\u00e9 Martel<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2024, wrapped up in a bow. - \u00c9quipe Mark-Andr\u00e9 Martel\" \/>\n<meta property=\"og:description\" content=\"October was on fire, with official numbers showing a staggering 43% year-to-year increase in the number of sales.Looking at the graph below, I can\u2019t help but feel that we\u2019re at the beginning of a long stretch of upward-trending market. 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