New data shows that Canadian home prices ended the year on a downward trend and are expected to continue declining until late spring. Despite a less vigorous economy, there hasn't been a significant increase in supply in the real estate market. Interest rate cuts expected in Q2 should lead to market stabilization in the second half of the year.
New data shows that Canadian home prices ended the year on a downward trend and are expected to continue declining until late spring. The latest Teranet-National Bank Composite House Price Index fell 0.5% between November and December, marking the third consecutive month of decline. Despite a less vigorous economy, there hasn't been a significant increase in supply in the real estate market . In fact, active listings declined in December, helping to limit the fall in prices.
Interest rate cuts expected in Q2 should lead to market stabilization in the second half of the year
Canadian Home Prices Decline Real Estate Market Supply Economy Interest Rate Cuts Market Stabilization
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Prices Slightly Higher, Silver Prices Slightly Lower in Midday TradingGold prices are slightly higher and silver prices slightly lower in midday U.S. trading Tuesday. Quieter, post-holiday trading is featured. Bullish charts are prompting some mild speculator buying interest in both precious metals. The key outside markets were also bullish for the metals today, as the U.S. dollar index was modestly weaker and crude oil prices were solidly higher. Some profit-taking from the shorter-term futures traders did limit gains in gold and silver today. February gold was last up $1.70 at $2,070.60. March silver was last down $0.07 at $24.50. Asian and European stock markets were mixed overnight. U.S.
Read more »
Canadian Workers Less Productive Than AmericansCanadian workers are found to be less productive than their American counterparts, despite working more hours and having higher education credentials. This productivity gap has been increasing over the years, leading to a decline in Canada's standard of living compared to other countries.
Read more »
Canadian Journalist Detained and Equipment Seized at Fatal Collision SceneThe Canadian Association of Journalists condemns the detainment of a GuelphToday journalist and seizure of his equipment at the scene of a fatal collision. The journalist's memory card was confiscated by the OPP and the coroner's office, sparking outrage and calls for press freedom.
Read more »
Canada's consular services continue to be pressed for global threatsFormer diplomats applaud the formalization of the diplomatic role in hostage negotiation as Canada's consular services face ongoing evacuation efforts due to global threats.
Read more »