‘Ho-hum’ national housing figures in September sign that buyers want more rate cuts --[Reported by Umva mag]

Sales up slightly but still outpaced by new listings, CREA says

Oct 15, 2024 - 19:35

‘Ho-hum’ national housing figures in September sign that buyers want more rate cuts --[Reported by Umva mag]

National home sales increased marginally in September, following the Bank of Canada's third interest rate cut of the year. This marked the third consecutive month of gains, as lower borrowing costs provided some added incentive for buyers. However, sales continued to be outpaced by new listings, leading to a surplus of properties on the market. Read More

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