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Podcast Description:
Join Rajiv and Geeta as they discuss the market outlook for 2024 in the Greater Toronto Area (GTA). They delve into the recent increase in property showings and offers, attributing it to the Bank of Canada's decision to keep interest rates stable. The hosts analyze the national and GTA market trends, exploring the expected changes in residential real estate prices. Throughout the discussion, they emphasize the importance of making informed decisions based on individual circumstances rather than reacting to market trends.

Show Notes:

1. Increased interest in properties and showings in the GTA.
2. Positive impact of Bank of Canada's decision to keep interest rates stable.
3. National market outlook: 0.5% increase in residential real estate prices.
4. GTA market outlook: 3% drop in pricing from 2023 to 2024.
5. Analysis of 2022-2023 statistics for the Greater Toronto Area.
6. Expected market balance in 2024 and a more favorable environment for buyers.
7. Regional highlights: Brampton's recovery, Durham's continued value, and attractive areas like Markham and Richmond Hill.
8. Focus on affordability and best value in Durham Region.
9. Observations on Oakville's resilience and projected 7% price increase.
10. Overview of other regions, including Mississauga, Sudbury, London, and Kitchener Waterloo.
11. Cautionary note on self-representation in real estate transactions under the new TRESA Act.
12. Emphasis on making decisions based on individual situations rather than reacting to market trends.
13. Encouragement for listeners to share, comment, and make topic requests for future episodes.
14. New Year wishes and a reminder to stay blessed and keep laughing.

Source: TRREB

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