Canadian Real Estate News Headlines (April 25th 2019)
Hello everyone. How are you?
I provide you with Canada’s news headlines for real estate news for today.
Spring Outlook Mixed for Canada’s Real Estate Market
Home sales across Canada are expected to drop by nearly 2% this year. This slowdown has come just two years after the country’s housing market went through a massive spring boom. During that time, prices in areas like Ontario and BC increased at a substantial rate. Now, it seems, experts have different views on what the future holds for housing sales in Canada.
Canada Replacing U.S. as High-Risk Housing Market
A new report by the International Monetary Fund (IMF) found that Canada’s housing market has grown riskier over the last two years. But recent policy changes may help prevent a crisis.
Bank of Canada holds interest rate steady, hints low rates could stick around
The Bank of Canada kept its benchmark interest rate at 1.75 per cent on Wednesday.
Economists who monitor the bank weren't expecting any change to the rate, which the central bank meets to decide on every six weeks.
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