Rate hold means status quo for Canada’s struggling housing market: experts
Real estate watchers say the Bank of Canada’s decision to hold its key policy rate steady at 2.75 per cent will likely keep a sluggish housing market at the status quo.
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Real estate watchers say the Bank of Canada’s decision to hold its key policy rate steady at 2.75 per cent will likely keep a sluggish housing market at the status quo.
The Canadian Real Estate Association has downgraded its forecast for home sales activity in 2025, while the number of homes that changed hands across the country in March was down 9.3 per cent compared with a year ago.
Canada Mortgage and Housing Corp. says the annual pace of housing starts in March slowed compared with February.
Experts say the Greater Toronto Area condo market is unlikely to awaken from its lull any time soon even as other major Canadian cities see somewhat more promising demand.
Canadian technology leaders are calling for a “real debate” about the country’s economic future when party leaders discuss their views on stage next week.
A new report says the national average asking rent in March was $2,119, marking the sixth straight month of year-over-year declines.
European stocks rebounded on Tuesday following the worst four-day drop since the COVID-19 pandemic in the wake of U.S. tariffs.
Financial markets are faltering around the world as investors worry President Donald Trump’s trade war will hammer corporate earnings and trigger a potential global recession.
Just after the U.S. election, when Wall Street was all-in on the prospects of a business-friendly U.S. President Donald Trump, Peter Berezin was sounding the alarm.
Home sales in the Greater Toronto Area fell 23.1 per cent in March while more supply hit the market, helping bring down prices compared with a year ago.
Montreal-area home sales continued rising in March compared with the same month a year ago.
As Canada’s economy grapples with the fallout from the ongoing trade war with the U.S., one economist says the closely watched Canadian housing market may be its next casualty.
French hotel group Accor SA has warned that forward bookings from Europe to the US are down 25% this summer as travelers that feel put off by US President Donald Trump’s ’s crackdown on immigration divert to other locations.
In the span of just three weeks, Rocket Cos. has thrown around more than $11 billion in a bid to reshape the way Americans buy, sell and finance their homes.
A new report shows Canada’s downtown office vacancy rate marked its first, if slight, improvement since the start of the pandemic.
After years of observing an exodus of downtown workers, Calgary announced it would be offering handsome payouts to developers to turn abandoned office towers into apartments.