ADVERTISEMENT
The possible liquidation of Hudson’s Bay is also bringing into question the future of its huge retail footprint, and highlighting the hit other companies could take as part of its downfall.
Home sales in February fell to their lowest level in more than a year as homebuyers stayed on the sidelines amid the uncertainty created by the trade war with the United States, the Canadian Real Estate Association said on Monday.
Canada Mortgage and Housing Corp. says the annual pace of housing starts in February slowed four per cent compared with January.
After the Bank of Canada cut the interest rate for the seventh time in a row Wednesday, experts say that’s good news for people looking to buy or sell a home in Canada.
One mortgage broker says the latest rate cut by the Bank of Canada will benefit homeowners with variable mortgages, but the economic impact of U.S. tariffs could fuel mortgage competition among lenders, weighing on home prices in Ontario.
The British Columbia Real Estate Association says tariff uncertainty has slowed housing activity.
Average asking rents across Canada fell year-over-year for the fifth straight month in February to $2,088.
Montreal-area home sales rose 7.4 per cent in February compared with the same month a year ago amid a “rapid absorption of active listings.”
Canada’s building industry says a trade war with the United States will slow down the pace of home construction.
The Calgary Real Estate Board says home sales in February fell 19.3 per cent from last year but remained above typical levels for the month.
The Canadian Real Estate Association says home sales in January were up 2.9 per cent compared with a year earlier, but noted that fell off at the end of the month.
Canada Mortgage and Housing Corp. says the annual pace of housing starts in January rose three per cent compared with December.
The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 36 per cent year-over-year in January.
Canada Mortgage and Housing Corp. is forecasting a rebound in sales and prices this year as homebuyers take advantage of improved borrowing conditions.
Average asking rents across Canada hit an 18-month low in January, declining 4.4 per cent on an annual basis to $2,100.
The number of homes that changed hands in the Vancouver area rose again last month, but the city’s real estate board says new listings outpaced demand.
