Search This Blog
money saving tips for canadians, best saving tips for canadians of all ages. MoneySavings and Canadian news, financial news
Featured
- Get link
- Other Apps
Canadian Home Sales See Steady Growth in September
In September 2024, Canadian home sales experienced a notable increase, rising by 1.9% compared to the previous month. This marks a significant annual growth of 6.9%, according to data released by the Canadian Real Estate Association (CREA) on Tuesday.
The uptick in sales comes in the wake of the Bank of Canada’s third interest rate cut this year, which has contributed to a more favorable borrowing environment for homebuyers. Despite the increase in sales, the number of properties listed for sale remains below historical averages, with 185,427 properties available on Canadian MLS® Systems at the end of September.
This steady growth in the housing market reflects a resilient demand for homes across the country, even as economic conditions fluctuate. The continued interest rate cuts are expected to further stimulate the market, potentially leading to more robust sales figures in the coming months.
Popular Posts
Cash vs. Card: Making Smart Payment Choices
- Get link
- Other Apps
Bank of Canada’s Interest Rate Decision: What to Expect and What It Means for Canadians
- Get link
- Other Apps
Comments
Post a Comment