Some homebuyers, sensing the market has hit bottom, rejoin the fray

Real estate markets in Mississauga, Oakville and other areas west of Toronto have sprinted to a quick start in 2024 but industry players caution that it’s too early to say whether the recent burst of activity will maintain momentum.

Pent-up demand and a drop in prices have fuelled sales in late December and into January. Economists warn that the market continues to face headwinds in the form of higher interest rates and tough affordability.