Canadian Real Estate STALLS in March: Prices Down, Set to Rise (Report) [Video]

#canadarealestate #canadianrealestate #bankofcanada

Canada’s real estate prices stalled in March, with the Benchmark price down, low sales and low listings. However, according to a new, widely cited report, prices are expected to rise by almost 10% in 2024.

Links:

Hints of Active Spring Market in March Housing Data:

https://www.youtube.com/watch?v=B3GwzZPYo9w&list=PLOKoTy8yPzZaRjG8ArUm5F6Ny2FEl5rxb

National Statistics:

https://creastats.crea.ca/en-CA/

Canadian housing market sluggish in March, CREA data shows:

https://financialpost.com/real-estate/canadian-housing-market-sluggish-march-2024-crea

Home prices in Canada expected to climb 4.9% in 2024 as sales rose last month: CREA:

https://www.theglobeandmail.com/business/economy/article-canadian-home-sales-rose-05-in-march-were-up-17-on-annual-basis-crea/

Home sales and prices edging up as housing market ‘could get interesting,’ reports say:

https://www.cbc.ca/news/business/housing-reports-crea-lepage-1.7171675

Toronto home prices expected to overtake Vancouver’s later this year, report finds:

https://www.thestar.com/real-estate/toronto-home-prices-expected-to-overtake-vancouvers-later-this-year-report-finds/article_d7dcfa64-f763-11ee-b8b1-47d4c36fa63e.html

Royal LePage upgrades national year-end home price forecast as Canadian real estate market hits ‘critical tipping point’:

https://www.royallepage.ca/en/realestate/news/royal-lepage-upgrades-national-year-end-home-price-forecast-as-canadian-real-estate-market-hits-critical-tipping-point/

Annual home prices predicted to rise nearly 10% by end of year: Royal LePage:

https://globalnews.ca/news/10417497/home-prices-2024-rise-royal-lepage/

‘Critical tipping point’: Home price forecast rises amid strong start to 2024, says Royal LePage:

https://ca.finance.yahoo.com/news/critical-tipping-point-home-price-forecast-rises-amid-strong-start-to-2024-says-royal-lepage-103017152.html

Consumer price index portal:

https://www.statcan.gc.ca/en/subjects-start/prices_and_price_indexes/consumer_price_indexes

Canadian Home Prices See Sudden End to Declines in Advance of Spring Market:

https://www.crea.ca/media-hub/news/canadian-home-prices-see-sudden-end-to-declines-in-advance-of-spring-market/

Canada’s real estate market: Buyers are back, but where is the inventory?:

https://www.royallepage.ca/en/realestate/news/canadas-real-estate-market-buyers-are-back-but-where-is-the-inventory/

What Is a Head and Shoulders Chart Pattern in Technical Analysis?:

https://www.investopedia.com/terms/h/head-shoulders.asp

Canada 5 Year Government Bond:

https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx

Bank of Canada holds key rate at 5%, signals June cut ‘within realm of possibilities’:

https://www.thestar.com/business/bank-of-canada-holds-key-rate-at-5-signals-june-cut-within-realm-of-possibilities/article_ab424f58-f73c-11ee-bc81-df3056e4ffb1.html

Canada’s job numbers almost unchanged in March, while unemployment rose to 6.1%:

https://www.cbc.ca/news/business/labour-force-survey-march-2024-1.7164471

Our Latest Statistics:

https://www.lstar.ca/our-latest-statistics

Unemployment Rate: Aged 15 and over: All Persons for Canada:

https://fred.stlouisfed.org/series/LRUNTTTTCAM156S

Posthaste: Mortgage delinquency rates in Ontario and B.C. soar as higher payments bite:

https://financialpost.com/news/mortgage-delinquency-rates-ontario-british-columbia-soar

Posthaste: Sorry Canadians, a June interest rate cut is not a ‘slam dunk’:

https://financialpost.com/news/bank-of-canada-june-interest-rate-cut-not-slam-dunk

Mark Mitchell – Mortgage Broker London Ontario
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