Canada's housing market remains stable with steady sales, unchanged prices, and rising new listings.

Canada's housing market remains remarkably stable, with home sales steady, prices unchanged, and new listings rising 12.7% YoY. This balance prevents rapid price increases and contributes to inventory growth, even though the market hasn't been significantly impacted by Bank of Canada interest rate cuts. The market's resilience is demonstrated by the 99% of mortgage holders in good standing.

August 19, 2024
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