Housing activity continues to move away from the extreme sellers’ market conditions experienced throughout the spring. Easing sales, combined with gains in supply, pushed the months of supply above two months in August, a level not seen since the end of 2022.“As expected, rising new home construc...
MONTHLY HOUSING MARKET REPORT
NATIONAL RESIDENTIAL STATISTICS
Ottawa, ON August 15, 2024 - While there were early signs of renewed momentum in June following the Bank of Canada’s first interest rate cut since 2020, activity in Canada’s housing market took a pause in July.Home sales activity recorded over Canadian MLS® Systems edged back by 0.7% on a...