Market Update: June 2024

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.