National housing market in 'holding pattern' as buyers patient for lower rates: CREA

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The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely stuck in a holding pattern despite borrowing costs beginning to come down.

The Canadian PressChristopher Alexander, president of RE/MAX Canada and Jamie Murray, portfolio manager and head of research at The Murray Wealth Group, joins BNN Bloomberg and talks about how housing affordability still remains an issue.

The association says the number of homes sold in August fell 2.1 per cent compared with the same month last year.

 

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