The Bank of Canada’s growing list of worries
For months, the Bank of Canada has been trying to thread a needle: slow the economy just enough to get inflation back under control but not so much that it causes …
housing-market-supply
New home construction rose while home sales came down in May
The annual rate of new home construction was up in May, while home sales were slightly down, according to data released separately on Monday by the Canada Mortgage and Housing …
Home sales and prices edging up as housing market ‘could get interesting,’ reports say
The housing market could soon get “interesting” as home prices and sales start to edge up, according to a pair of new reports released Friday. In its latest quarterly Home Price Update and …
Bank of Canada worries a rate cut now could overheat the spring housing market
The Bank of Canada is trying to thread a needle. It’s keeping rates higher for longer at least in part because it’s worried a rate cut now could undermine the …
Bank of Canada says government efforts to curb housing crisis will help ‘gradually’
The Bank of Canada says record levels of immigration are driving up the cost of housing and recent government efforts to cut the number of non-permanent residents and encourage home building …
National home sales in 2023 lowest since 2008 despite December ‘bounce,’ CREA says
Canada’s housing market is seeing some of the lowest annual sales volumes in more than a decade, according to the latest statistics from the Canadian Real Estate Association, even though …
Surge in newcomers putting pressure on inflation via housing demand: BoC official
The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without …