Navigating the 2024 Luxury Real Estate Market: What You Need to Know
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Interest Rates: Boosting Buyer Power In 2024. Talks circulate about a drop in interest rates starting in spring. Good news for savvy buyers! Lower rates mean more purchasing power, letting you stretch your budget. From entry-level homes to mid-size luxury, the possibilities expand. If you hesitated in 2023 due to high rates, it's time to feel confident – more qualified buyers are entering the scene.
Inter-Provincial Migration: A Shift to Alberta. The migration story continues, especially from BC and Ontario to Alberta in 2024. With interest rates dropping across Canada, Alberta, particularly Edmonton, is becoming a hotspot for those seeking affordable housing. Calgary's growth is notable, but attention is turning to Edmonton's top-tier market.
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