Even in an August lull, real estate buyers are still circulating

by Carolyn Ireland

Sales in the GTA dipped for a second consecutive month in July, according to the Toronto Regional Real Estate Board. This decrease comes as the Bank of Canada raised its benchmark rate twice since June, putting the brakes on the housing market in the region.

The lethargic real estate market in the Greater Toronto Area is picking up a little bit of momentum in early August.

Patrick Rocca, broker with Bosley Real Estate Ltd., says inventory has been extremely low so far this summer but he has recently been heading out two or three times a week to meet homeowners who are preparing to sell.

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