Despite the easing momentum in sales following the Bank of Canada's recent rate tightening in June, this adjustment has contributed to fostering a more balanced market. Remarkably, the average selling price, standing at $1,118,374, maintains a resilient 4.2% year-over-year growth, a testament to the market's strength even amidst heightened interest rates and a temporary sales deceleration.
The recent sales slowdown, spanning the past two months, is primarily attributed to uncertainties surrounding borrowing costs, job prospects, and broader economic conditions. However, the enduring...