Home sales in Canada have leaped by 18.4% since the Bank of Canada first started cutting interest rates, with the prospect of lower borrowing costs combined with more properties being listed for sale fueling transaction activity, according to new data from the Canadian Real Estate Association.
Canadian home sales up 18.4% since interest rate cuts began
Lower borrowing costs, higher inventory levels spark 'long-awaited rebound,' says real estate association
CoStar News
December 16, 2024 | 9:14 P.M.
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