A total of 742 homes changed hands last month, which is a 8.2 per cent below what was a slow May in 2023, according to the Waterloo Region Association of Realtors.
Local Realtors blame slow condo sales for a sluggish month of real estate sales in Waterloo Region in May.
“At the same time, we are observing a shift in demand away from smaller-sized condo units, potentially influenced by the higher interest rates impacting investor market activity for this property type.”Bank of Canada rate cut is ‘going to matter in people’s pocketbooks.’ Here’s whyHalifax woman battling cancer scammed out of $5K: ‘She has no money left’
After seeing a flood of new homes come onto the market in April, that trend continued in May as 1,644 were listed, which is up 28.9 per cent year over year and 15.8 per cent over the previous 10-year average.
Waterloo Region Association Of Realtors WRAR Canada
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