The Globe and Mail reports in its Monday, Nov. 17, edition that Canadian home sales have now increased for six of the past seven months. The Globe's Salmaan Farooqui writes that there were 40,423 homes sold nationally in October, a 0.9-per-cent increase from September, but still 4.3 per cent below October, 2024, according to data from the Canadian Real Estate Association. The report found that new listings decreased by 1.4 per cent to 77,479 units from September to October. CREA senior economist Shaun Cathcart said the Bank of Canada's interest-rate cut in September was a major driver for last month's growth in sales activity. The BOC also delivered a rate cut at the end of October, leading him to expect further growth in the coming months. The BOC has signalled that it does not expect to cut rates below its current level of 2.25 per cent, and Mr. Cathcart said that messaging could also lead buyers that have been waiting for the best possible rate to make a purchase. He said, "I think a lot of people have been waiting for rates to stop falling before locking in, and I think if that messaging gets through -- that you're not going to get better rates than this -- that could really draw buyers off the sidelines."