AGP Executive Report
Last update: 5 hours agoToronto Market: GTA home sales fell 7.9% year over year in October to 5,603, while the average price slipped 2.7% to C$1,024,108. Buyers and sellers are holding back amid economic uncertainty and higher borrowing costs. UK Outlook: Savills expects house prices to fall 1.5% in 2027, with mortgage rates at or above 5% until early 2028. Barratt Redrow’s home sales also fell 12%, adding to doubts about the government’s building target. First-Time Buyers: Price caps are confirmed for England’s Your First Home scheme, which is due to open in February. Eligible buyers can put down 2.5% and use a government equity loan of up to 20% interest-free for five years. Local Market: Whatcom County home prices were broadly steady in the third quarter, but homes took longer to sell; buyers now have more inventory to choose from. Buyer Protection: In Gujarat, 11 families who had paid in full finally received house keys and legal documents after police helped settle a dispute between developers and a landowner.
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