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CREA Cuts 2025 Forecast Despite Recent Sales Uptick

CREA projects 2025 home sales ↓ 3% to around 469,503 due to econ uncertainty and trade risks. Avg home price forecast ↓ 1.7% to $677,368, led by ON and BC declines. New listings ↓ while inventory remains ↑ YoY, creating mixed market conditions. The revision reflects ongoing economic uncertainty and trade-related risks, which continue to […]

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Canadian Real Estate Prices Near All-Time Highs, Except Ontario and BC

Canada's home prices fell 19.4% nationally, mainly due to sharp drops in Ontario and BC, while eight other provinces hit record highs recently. Ontario and BC's declines stem from rising interest rates, not slower population growth. Most provinces saw prices remain high despite slower sales, supported by affordability and credit stimulus. Interprovincial migration and market […]

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Funding boost will help local governments deliver homes quicker

B.C. is investing $9 million in the Local Government Development Approvals Program to help municipalities streamline permitting and development approvals, speeding up housing delivery. The program supports projects that improve efficiency, such as digital permitting and updated bylaws. Past funding helped cities like Burnaby and Nanaimo cut approval times significantly. The next intake opens in […]

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Why Bank of Canada May Delay Cuts

GDP ↓ 1.6% in Q2, mostly from weaker exports, while domestic demand stayed resilient and masked headline weakness. Consumer spending ↑ 4.5% and housing investment ↑ 6.3%, showing earlier rate cuts are supporting rate-sensitive sectors. Markets price 48% chance of a September cut, but pending labour and inflation data may delay action. Policy impact needs […]

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