According to an Edge Realty report, in February, provincial real estate markets experienced varied trends, while Canada overall continued to face affordability challenges.

Source: Edge Realty

Home Sales

February saw a notable decrease in demand for homes across Canada, with seasonally adjusted home sales for the country overall dropping by 3.1% month-over-month (m/m). However, this decrease wasn’t ...

The Ontario housing market in March 2024 showed some subtle shifts, with moderate declines in monthly home sales and a rise in new and active residential listings, resulting in a growing inventory. Meanwhile, the average price of resale homes continued to rise.

Home Sales

In March 2024, residential sales activity in Ontario, as reported through MLS®, totalled 15,167 units. This was a moderate decline...

On April 10, 2024, the Bank of Canada announced it was keeping its overnight rate target at 5%, alongside a Bank Rate of 5.25% and a deposit rate of 5%. It also maintained its strategy of reducing money in circulation, for quantitative tightening.

The Bank predicts the global economy will grow around 3%, with inflation in most developed economies gradually decreasing and the US economy outperforming...