Canada

Bank of Canada

New Bank of Canada Survey: Businesses More Optimistic, Fewer Expect Recession

In the first quarter, Canadian businesses encountered ongoing subdued demand, yet emerging signs of renewed optimism are evident, as many anticipate a decrease in interest rates over the next year, according to the latest business outlook survey by the Bank of Canada. The survey, released Monday, reveals a shift in various business indicators such as sales outlooks and employment intentions, which have...

Condos canada monsef propertise

Toronto average home price to rebound in 2024, start of multi-year recovery: TRREB

The Toronto Regional Real Estate Board (TRREB) has released its annual outlook, predicting a significant rebound in the average selling price of homes in Toronto in 2024. The report anticipates that the average selling price will reach the second-highest level ever, marking the beginning of a multi-year recovery in the real estate market. In addition to the price rebound, the outlook forecasts an...

Condos canada monsef propertise

Calgary set to see strongest price gains in Canada next year, as city continues to buck the national trend

Canada's primary real estate markets are all set for an upswing in home values in the coming year, with Calgary taking the lead with a significant increase in home prices. Monsef Properties' latest Market Survey Forecast suggests an 8.0% rise in the aggregate cost of a Calgary home by the end of the fourth quarter of 2024, reaching $711,612. This growth exceeds the national average forecast of 5.5%,...

Canada's housing market faces biggest test since 1990s recession

Canada’s housing market faces biggest test since 1990s recession

Economists see home sales falling another 10% to 15% and prices another 10% Pamela Heaven Economists cautioned this week that the Canadian housing market is in a "recessionary" zone and that things will worsen before they get better. Home sales have dropped by 45% since they peaked at 64,000 units in early 2021, according to the housing market prediction from Canadian Imperial Bank of Canada....

Compare listings

Compare