CREA lowers expectations for home sales and price growth for 2022
In its latest housing market outlook released Thursday, the association said it expects 532,545 properties to trade hands via Canadian MLS systems this year.
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Canadian home sales fall for fifth month in a row, down 29% from last July: CREA
On a seasonally adjusted basis, the association says sales in July fell 5.3 per cent compared with June. The actual number of sales last month
Bank of Canada’s rapid rate hikes likely to cause a recession, study finds
The research institute says if the central bank aims to bring inflation down from 7.7 per cent to its two per cent target by quickly
May home sales down 22% since last year, 9% from April: CREA
Economists attribute much of the cooling to rising interest and mortgage rates.
UPDATED: Canopy shares take a dive as Q4 revenues fall 25%
The Smiths Falls-based cannabis company says it had a net loss of $578.6 million for the quarter ended March 31 compared with a net loss
CREA reports home sales down in April as mortgage rates rise
The association found the number of homes sold dropped by 25.7 per cent to 54,894 last month from 73,907 in April 2021, when the country
Canadians with mortgages brace for big Bank of Canada rate hike
The Bank of Canada is gearing up to announce its next move on interest rates this Wednesday, with Bay Street forecasters expecting a 50 basis-point
Average Ottawa home price up 16% from February 2021 to more than $730K, industry group says
The average price in the nation’s capital last month was $730,300, according to the Canadian Real Estate Association, up from $630,000 in February 2021.
Cannabis company Tilray Brands strikes deal to buy stake in Hexo, create joint venture
Under the agreement announced Thursday, Leamington-based Tilray will acquire up to US$211 million of senior secured convertible notes that were issued by Gatineau-based Hexo.
Ottawa-Gatineau sheds 2,100 jobs in September
Employers in the National Capital Region collectively trimmed their payrolls for the second straight month in September, Statistics Canada reported Friday. The number of people
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