Housing Market Update

Housing Markets Post Quiet in April

Canadian resale transactions eased in April following little change in March. Volumes continue to trade in a narrow band this year but appear to be generally easing, perhaps as homebuyers await this year’s much-anticipated interest rate cuts. Little rate change is in immediate prospect though as bond yields have stabilized just under 4 per cent over the last month.

May 29, 2024   •   8-min read

About the Housing Market Update

The Housing Market Update describes current monthly resale and construction information for two dozen Canadian urban centres. It presents the factors underpinning housing demand, including interest rates, demographics, and incomes. Importantly, the report scales housing activity by a market’s size, enabling “like-for-like” comparisons, and presents data in interactive and easy-to-read charts. Real estate brokers and agents, home builders, housing policy experts, and general economic observers will find this report helpful. 


Lead Economist

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