RE:RE:RE:RE:RE:RE:Welcome back $40 Flamingogold, the media is lying to people and making it appear that fomo has returned in the housing market. It's all BS, such as listing a price purposely below asking price and then advertising that it sold above asking with multiple offers. Hopefully nobody falls for this scam.
Canada depends a lot on what their neighbours to the south do. The US economy still has a lot of steam left and I don't think they will be aggressive in cutting rates. Canada is screwed because if we cut rates sooner, inflation on imports rises and our C$ tanks. On the other hand, if they follow rate cuts with the US, only 3 planned for 24, then that's going to spell trouble for the households that have to refinance at much higher rates than they had before.
There is no good outcome for Canada this year.