“It wasn’t a ‘blow the doors off’ month by any means,” says Shaun Cathcart, CREA’s Senior Economist. “But Canada’s housing numbers did perk up a bit on a month-over-month basis in June following the first Bank of Canada rate cut.
But, adjusted for season, the month-over-month increase was actually more like 0.5%, suggesting the national inventory buildup may be slowing down. And with new listings lower than sales gains, the market tightened 53.9% compared to 52.8% in May. With 4.2 months of inventory reported at the end of June, we’re still in a buyers market, though that figure is down from 4.3 months at the end of May — note that this is the first month-over-month decrease in 2024.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: