Canadian home sales were down 37.1 per cent in January compared with a year earlier, according to new figures from The Canadian Real Estate Association. Here's what experts are saying about the latest Canadian home sales.
Canadian home sales were down 37.1 per cent in January compared with a year earlier, according to new figures from The Canadian Real Estate Association . It was the worst January for home sales since 2009."Moving forward, housing activity could bottom sometime in the first half of this year, supported by a solid job market, robust population growth and the likelihood that yields grind lower.
After all, the Bank of Canada only began raising rates less than a year ago, with the latest volley just three weeks ago. And a persistently robust jobs market raises the risk that the rate-hike cycle is not quite done yet, especially if inflation proves more persistent than expected.""What I'm seeing is that the mindset of buyers and sellers is shifting -- they are recognizing that we're now in a period of stabilization.
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