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Canada rate cut fires up housing market

Aimee Look

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Toronto | Canada’s interest-rate cut – the first among Group of Seven economies – has jump-started the country’s housing market.

Buyers and sellers are striking more deals, pushing the benchmark price for a home up in June for the first time in 11 months. Sales rose for the first time since January.

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    Original URL: https://www.afr.com/property/residential/canada-rate-cut-fires-up-housing-market-20240724-p5jw79