National

Jump in home sales in September

Darpan News Desk The Canadian Press, 15 Oct, 2024 12:49 PM

The Canadian Real Estate Association says home sales climbed 1.9 per cent on a month-over-month basis in September, reaching their highest level since July 2023.

The national increase was led by Greater Vancouver and Victoria, as well as the Greater Toronto Area, Hamilton-Burlington, Montreal and Quebec City.

The association is downgrading its housing market forecast, saying it now expects the national market will remain in "more of a holding pattern" until next spring.

It says the Bank of Canada's interest rate cuts haven't spurred the gradual improvement it previously anticipated.

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