Real estate market got no boost after the bank of canada rate cut in June. A lot of people were expecting home sales in the Toronto were expecting a big jump. However, housing market has been on a steady decline for a few month now. Home sales were down 16% compared to last year but a lot of more detailed stats paint an even scarier picture.
Active listings, new listings, homes taking longer to sell, months of inventory was up and a lot more stats that show how bad the real estate market in the Toronto really is.
See all stats here from Halton to Durham for the month of June here.
