US EditionWhat does the Bank of Canada’s rate cut mean for the housing market?
- The Bank of Canada cut interest rates for the seventh consecutive time, making homes more affordable according to Royal LePage President and CEO Phil Soper.
- Life events will continue to drive home buying and selling decisions, despite trade war impacts noted by broker Michael Froese.
- Ottawa responded to U.S. Tariffs by imposing dollar-for-dollar tariffs on $29.8 billion worth of U.S. Goods, according to Robert Fife and Nathan VanderKlippe.
- Governor Tiff Macklem warns that the ongoing tariff war could weaken economic activity in Canada, raise prices, and lead to potential inflation issues.
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CMHC reports seasonally adjusted rate of housing starts slowed in February
Canada Mortgage and Housing Corp. says the annual pace of housing starts in February slowed four per cent compared with January. The national housing agency says the seasonally adjusted annual rate housing starts came in at 229,030 units for February, down from 239,322 in January. The result came as the pace of starts for single-detached […]
·Toronto, Canada
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Ontario Construction News
Ontario Construction NewsCanadian real estate market navigates interest rate adjustments and mixed sector performance in 2024
Special to Ontario Construction News The Canadian real estate market experienced a year of adjustments and mixed performance in 2024, as interest rate cuts and fluctuating economic growth influenced […]
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Total News Sources18
Leaning Left2Leaning Right0Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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