![Market set for a shift, experts say](https://cdn.magzter.com/1704825715/1718689770/articles/jU70nMr9q1718693535119/MARKET-SET-FOR-A-SHIFT-EXPERTS-SAY.jpg)
Canada's real estate market remained quiet in May as sales edged lower and new listings ticked higher month over month, but the Bank of Canada's first rate cut in four years could signal a shift in buyer and seller psychology moving forward.
The Canadian Real Estate Association's (CREA) Monday report shows home sales activity dipped by 0.6 per cent between April and May while new listings were up 0.5 per cent. That combination of slow sales and a higher volume of new listings mean more homes are for sale across the majority of Canadian markets.
Nationally, there were 175,000 properties listed for sale, a more than 28 per cent increase from a year earlier but still below historical averages, the reported added.
Esta historia es de la edición June 18, 2024 de Toronto Star.
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Esta historia es de la edición June 18, 2024 de Toronto Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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