Latest / The Canadian Real Estate Investor
National Market Update & Home Sales Hit 18-Month High
The Canadian real estate market showed significant recovery in October 2024, with home sales reaching their highest level since April 2022 and we hear from our host across the country for boots on the ground updates
Market conditions vary by region, with Edmonton and Montreal emerging as the hottest markets while Toronto's condo market faces challenges
Key highlights:National average home price rose to $696,166, up 6% year-over-year
Inventory levels dropped to 3.7 months nationally, the lowest in over a year
Interest rate cuts from Bank of Canada (125 basis points) have helped boost market…
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