Look at the current real estate market!  Greater Toronto Area has 23,161 Homes For Sale. According to Toronto Regional Real Estate Board, more than eight thousand one hundred condos were vacant in Toronto in May, 2024. This number is increasing every day, not decreasing. It is because most of the condos in Toronto are/were owned by the investors. Because of interest rate and price reductions, those investors like to exit from their investment. Looks like buyers are not interested to jump into the real estate market just yet! They want to wait until other 2 to 3 rate cuts. As a result, the house price is not going to climb just yet. If your real estate agent is telling to buy a house right now otherwise the house price will skyrocket very soon, it is not true! Do not believe him or her!