Real Estate Getting CRUSHED in 2024. Pundits Were Wrong

Real estate housing market had another slow month in June. A lot of real estate pundits were saying when Bank of Canada lowers the rate in June the housing market will take off once again. Unofficial stats show that has not happened. Sales actually went down in June compared to May.

Looking at home sales from Burlington to Mississauga all the way to Ajax, every single major city had lower sales in June than in May. Bank of canada rate drop did nothing to boost the market unlike a lot of predictions.

Bank of Canada meets again in July so let's see if they'll be dropping the rate or if they'll stay on pause as inflation is not coming down to 2%. So far the real estate market has been turning in favor of the buyers.

#bankofcanada
00:00 Introduction
00:29 Real estate predictions
01:06 Home sales slow in Peel Halton
01:44 Home sales down in Durham and York


Did you miss our previous article...
https://trendinginrealestate.com/real-estate-trends/the-us-government-just-did-the-unthinkable