Canadian home sales fall further in February

Ottawa, ON, March 15, 2018 – Statistics released today by The Canadian Real Estate Association (CREA) show national home sales declined further in February 2018. Highlights: National home sales declined by 6.5% from January to February. Actual (not seasonally adjusted) activity was down 16.9% year-over-year (y-o-y) in February. The number of newly listed homes recovered... View More >

Four reasons the Bank of Canada moved to the sidelines in March

In line with financial market expectations, the Bank of Canada announced on March 7, 2018 it was keeping its trend-setting overnight lending rate unchanged at 1.25%. Here are the four main reasons why the Bank held interest rates steady: Fourth quarter Canadian economic growth came in weaker than expected. That means inflationary pressures are lower... View More >