Market Update

The Canadian real estate market in 2024 is characterized by significant regional variations, affordability challenges, and a cautious outlook due to economic pressures. Nationwide, the housing market is under pressure from high interest rates, which have dampened buyer demand and slowed construction. This has led to a decline in housing starts and a cautious approach […]

In July 2024, the Canadian real estate market experienced a slight slowdown after a brief surge in June following the Bank of Canada’s first interest rate cut since 2020. National home sales decreased by 0.7% month-over-month, signaling a pause in the momentum that had been building earlier in the year. However, when compared to July