Housing Market in ‘Holding Pattern’ as Buyers Wait for Lower Rates: CREA

Housing Market in ‘Holding Pattern’ as Buyers Wait for Lower Rates: CREA
A real estate sign is shown in Vaughan, Ont. on Sept. 12, 2024. The Canadian Press/Paige Taylor White
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The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely “stuck in a holding pattern” despite borrowing costs beginning to come down.

The association says the number of homes sold in August fell 2.1 percent compared with the same month last year.