December home sales were up 3.7 per cent compared with the same month in 2022, marking the largest year-over-year gain since August. The actual national average price of a home sold in December was $657,145, up 5.1 per cent from December 2022.
Economists are forecasting Canada's inflation rate likely ticked up last month, but that isn't expected to set off alarm bells as long as underlying price pressures ease.Â
After a year marked by caution and shifting expectations spurred by rising borrowing costs, economists believe the Canadian housing market could be in for a rebound in 2024.
The Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring, according to a new forecast by Deloitte Canada.
It's poised to be another challenging year for office REITs, but some money managers say there could be decent entry points in the sector for long-term investors.
The odds of another rate hike have decreased, the Bank of Canada's governing council agreed during discussions ahead of its most recent interest rate decision.