Bank of Canada pause soothes the real estate market

March has brought renewed life to the Toronto-area condo market on the heels of a flurry of single-family home sales earlier in the year.

In the condo market, units with asking prices above the $1.5-million mark are seeing more action after a lengthy stall.Mr. Bibby says the sudden turn appears to be partly a delayed spillover from the rebound that began in late December in the freehold segment. Nationally, housing sales in February slid 3.1 per cent from January on a seasonally adjusted basis, according to the Canadian Real Estate Association.CREA’s Composite MLS Home Price Index shows prices were flat in February in Canada compared with the previous month. That levelling off follows a string of decreases that began last fall.

Mr. Bibby set an asking price of $1.695-million for the unit on the 41st floor. After 25 days on the market, the unit sold to a retired couple for $1.646-million.“The buyers aren’t going to come in and pay list price,” he says. “I think people are being very methodical and calculated.”

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Labour market gains 41K jobs in Canada, supports Bank of Canada holding rates for longerStatistics Canada said February's increase in the labour market was driven by a rise in full-time work.
แหล่ง: YahooFinanceCA - 🏆 47. / 63 อ่านเพิ่มเติม »

Bank of Canada worries a rate cut now could overheat the spring housing marketBank of Canada Governor Tiff Macklem holds a press conference at the Bank of Canada in Ottawa on Wednesday, March 6, 2024. THE CANADIAN PRESS/Sean Kilpatrick
แหล่ง: CBCTBay - 🏆 42. / 63 อ่านเพิ่มเติม »

Bank of Canada's interest rate decision shouldn't depend on housing market, economists argueAs Canada's inflation rate fluctuates, economists suggest that the Bank of Canada should not base its interest rate decision on the housing market. The January consumer price index report is expected to show a decrease in the inflation rate. Lower energy and food prices are believed to be the main factors behind the slowdown.
แหล่ง: TerraceStandard - 🏆 24. / 68 อ่านเพิ่มเติม »