Buyers benefitted from lower interest rates, easing mortgage carrying costs. The popular five-year fixed mortgage rate has fallen to around 4.25 per cent. The average selling price for all home types increased by 2.6% year-over-year to 1.106 million. The overall price appreciation is largely due to single-family homes. The condo sector continues to face downward pressure on prices, seeing a year-over-year drop of 2.5 per cent.  The federal government announced new mortgage policies this fall, which will go into effect in mid-December. Those rules will allow buyers to put smaller down payments on pricier homes, and allow first-time buyers to stretch out their payments over 30 years instead of 25 years. Many home buyers patiently waited on the sidelines for reduced inflation and lower borrowing costs. With selling prices lower than at the peak in early 2022 and monthly mortgage payments trending lower, the stage is set for an accelerating market recovery in 2025. In closing, I want to thank everyone for their continued business and support throughout 2024. I wish everyone and their loved ones a safe and joyous holiday season. See you in 2025!