This past month was the first month we’ve had an interest rate cut from the Bank of Canada in over 4 years… How did the rate cut impact the real estate market? Let’s look at the numbers👀
Sales: 76,213 down -16.4%
New listings: 17,964 up 12.3%
Active listings: 23,613 up 67.4%
Average price: $1,162,167 down -1.6% compared to last year.
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