Canada’s Housing Market Slows Somewhat Over The Summer Months

Canada’s housing market hit the pause button in July.  That from the Canadian Real Estate Association after there were early signs of renewed momentum in June following the Bank of Canada’s first interest rate cut since 2020. National home sales were down slightly while the number of newly listed properties was up slightly.  The actual national average sale price of nearly 667-thousand dollars — was almost unchanged year-over-year.