Residential Real Estate Market Report February 2024
Sales in February saw a slight gain year over year. Leap year helped a little with that extra day. Year-to-date sales are 9% higher than last year, however they are 16% lower than long-term trends. New Listings jumped almost 23% year over year., which improved supply across almost every price range in the total region. The Bank of Canada held its key interest rate to 5% again in early March stating they are still concerned about underlying inflation. There has been no change since July last year. Buyer confidence seems to be increasing...