How Have Rate Cuts Impacted Real Estate Values ?

Despite recent interest rate cuts, the Canadian housing market remains stagnant, with national home sales showing only a modest 1.3% increase in August but down 2.1% year-over-year.

New property listings are up by 1.1% but remain below historical averages, contributing to a balanced market where supply and demand are steady but not dynamic.

The MLS® Home Price Index indicates flat housing prices from July to August, with a 3.9% decrease year-over-year, as buyers await further price drops and increased affordability from interest rate cuts.