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Canada jobs numbers spike and could delay rate cut: economists
Canada added 90,000 jobs to the national economy in April, according to the latest figures from Statistics Canada, which may cause the Bank of Canada to postpone its first rate cut.

Montreal home sales up 25% in April as expected rate cuts prompt recovery: board
The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales surged 25.5 per cent in April compared with the same month last year, with levels returning to historical averages.

An overview of housing promises from all of the 2024 provincial budgets
Housing is arguably Canada’s most important policy issue right now. From building millions of new homes, apartment buildings, and condos, to ensuring developers have all of the financing they need, governments from Iqaluit to Windsor are preoccupied with ensuring every Canadian has a home to call their own.

Greater Toronto home sales down in April but new listings surge: board
The Toronto Regional Real Estate Board says Greater Toronto home sales in April were down five per cent from last year, but new listings surged, which created more choice for buyers and kept prices stable.

Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey
The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows.

Renters have harder time accumulating wealth than homeowners: RBC economist
Renters face daunting barriers in their attempts to build wealth as they’re forced to devote an increasing share of their income to keeping a roof over their head, said an RBC report out Thursday.

OREA calls for bold action to address Ontario’s housing shortfall
Despite making progress on its goal of building 1.5 million new homes by 2031, the Ontario government must do more to improve housing stock and cut down on bureaucratic obstacles, the Ontario Real Estate Association (OREA) says.

Interest rates are higher than they should be due to government spending: Scotiabank
Canadian interest rate are about 200 basis points higher than it otherwise would be due to government spending at all levels, including billions spent on pandemic relief.

Home prices could be in “another leg down,” as housing weakness spreads
Weakness in Canada’s housing markets is now spreading beyond the major markets of Vancouver and Toronto, the latest data reveal.