The Number of Home Sales is Rising

The Canadian Real Estate Association (CREA) says home sales in July rose 12.6 per cent compared with the same month last year. In Victoria, home sales were up 13 per cent year-over-year in July.
It’s too soon to indicate a trend, but that significant uptick in activity reveals there are plenty of buyers are still out there. More have decided to stop waiting after lower prices and reduced mortgage rates increased their home affordability.

Reference: https://www.westerninvestor.com/news/opinion/will-newly-lowered-interest-rates-push-residential-prices-back-up-1.23913134