Housing sales in Calgary and Vancouver have seen a significant increase, indicating a potential revival in the market following recent interest rate cuts by the Bank of Canada. Vancouver reported a 27.2% rise in home sales from September to October, the highest since June 2020, with year-over-year sales up 31.9%. Calgary's sales rose 9.4% month-over-month, driven by demand for higher-end properties. However, supply constraints in lower-priced segments may limit further growth in both cities.
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