Prices of homes have come down/reduced substantially in Brampton, Mississauga, Milton, Oakville & Vaughan after various interest increases in Canada in the period of March 2022 to May 2024. On June 5, 2024, The Bank of Canada (BoC) announced to cut the key interest rate by 25 basis points to 4.75%. This is the first rate cut in over four years since the government of Canada slashed its overnight rate to 0.25% in March 2020. We are anticipating further interest rate cuts in 2024 to 2025. This may result in better affordability and home buyers may start to come back in the market and prices of homes may start to go up as a result of increased demand for houses.