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Market Updates Bank of Canada Reduces Policy Rate by 50 Basis Points to 3.25% The Bank of Canada (BoC) has made a significant move in its final interest rate announcement of 2024, cutting the key policy rate by 50 basis points to 3.25%14. This marks the fifth consecutive rate cut since June, signaling the central bank’s ongoing efforts to stimulate economic growth and maintain inflation near its 2% target. […]
November 2024 Real Estate Market Update OnePoint Association of REALTORS® – Grey Bruce and Owen Sound MLS® home sales rocket up to above-average levels in November.   The number of homes sold in Grey Bruce and Owen Sound via the MLS® System of the OnePoint Association of REALTORS® totaled 228 units in November 2024. This was an advance of 43.4% from […]
Market Updates October 2024 Real Estate Market Update MLS® home sales continue to surge for second straight month in October 2024.   The number of homes sold in Grey Bruce and Owen Sound via the MLS® System of the OnePoint Association of REALTORS® totaled 238 units in October 2024. This was up sharply by 32.2% from October 2023.   Home sales were 7.1% […]
Market Updates Bank of Canada Reduces Policy Rate to 3.75% The Bank of Canada (BoC) has once again made headlines with its latest monetary policy decision, cutting its key interest rate by a substantial 50 basis points to 3.75%. This move, announced on October 23, 2024, marks the fourth consecutive rate cut this year and signals a significant shift in the central bank’s approach to […]
Market Updates September 2024 Real Estate Market Update REALTORS® Association of Grey Bruce Owen Sound reports MLS® home sales surge in September.   The number of homes sold through the MLS® System of the REALTORS® Association of Grey Bruce Owen Sound totaled 257 units in September 2024. This was a jump of 42.8% from September 2023.   Home sales were 5% below the […]
Market Updates August 2024 Real Estate Market Update REALTORS® Association of Grey Bruce Owen Sound MLS® home sales continue to show signs of picking up in August.   The number of homes sold through the MLS® System of the REALTORS® Association of Grey Bruce Owen Sound totaled 236 units in August 2024. This was an increase of 7.8% from August 2023.   Home […]
Buying Rate Announcement: How the Bank of Canada’s Decision Affects You The Bank of Canada has announced its third consecutive interest rate cut, lowering the overnight rate target to 4.25%. This decision comes as inflation continues to moderate and economic growth shows signs of softening. Economic Context The Canadian economy grew by 2.1% in the second quarter, slightly stronger than anticipated. However, recent indicators suggest economic […]
Market Updates July 2024 Real Estate Market Update REALTORS® Association of Grey Bruce Owen Sound MLS® home sales continue to build momentum in July.   The number of homes sold through the MLS® System of the REALTORS® Association of Grey Bruce Owen Sound totaled 262 units in July 2024. This was up by 9.2% from July 2023.   Home sales were 7.4% below […]
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Market Updates June 2024 Real Estate Market Update REALTORS® Association of Grey Bruce Owen Sound MLS® home sales remain subdued in June.    The number of homes sold through the MLS® System of the REALTORS® Association of Grey Bruce Owen Sound totaled 242 units in June 2024. This was a substantial decline of 18% from June 2023.   Home sales were 22.6% below […]
Market Updates May 2024 Real Estate Market Update REALTORS® Association of Grey Bruce Owen Sound MLS® home sales reach plateau as new supply continues to rise.   The number of homes sold through the MLS® System of the REALTORS® Association of Grey Bruce Owen Sound totaled 276 units in May 2024. This was a moderate decrease of 8.6% from May 2023.   Home […]
Market Updates April 2024 Real Estate Market Update REALTORS® Association of Grey Bruce Owen Sound MLS® new listings continue to outpace sales, driving inventories higher.   The number of homes sold through the MLS® System of the REALTORS® Association of Grey Bruce Owen Sound totaled 239 units in April 2024. This was a small gain of 2.1% (five sales) from April 2023. Home […]

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