Stats for mid month November 2024 indicate that days on market are up over last year to 61 and months of inventory, and indicator for supply and demand, is at 8 months. Good news is that the median residential sale price is down only 2% over October 2023 at $930,000.
The next Bank of Canada interest rate announcement is set for December 10, 2024. We will update your as soon as the rate change is announced.
