Results for: Canadian Real Estate

Following the Bank of Canada’s third interest rate cut of the year, national home sales in Canada experienced a slight uptick in September compared to August. This trend mirrors the gains observed in the months subsequent to the first two rate cuts. However, experts suggest that while the pace of rate cuts is anticipated to accelerate, some potential buyers might choose to delay their purchases, potentially boosting the rebound expected in 2025.

The Canadian Real Estate Association (CREA) has revised its forecast for home sales activity and prices, anticipating a slower market in the short term due to shifting interest rate expectations. While the market is expected to remain in a holding pattern until next spring, a sharp rebound is predicted for the second quarter of 2025, driven by declining interest rates and pent-up demand.