Housing Market Update
Updated: March 27, 2024
Resale Market Levels Off, Looks to Spring
Canadian resale volumes eased in February, giving back some of January’s sales increase. Still, the pullback follows three months of rising volumes and suggest that, at worst, the market has found a bottom. While bond yields have generally risen this year, national employment continues rising and ongoing strong population growth has generated pent-up residential requirements.
March 27, 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.
Author
Lead Economist
Questions?
If you have any questions about the Housing Market Update or about becoming a subscriber, please contact our sales team.
1-888-801-8818
Become a Subscriber
Get the information behind the headlines. The Complete Access Economics Package delivers key intelligence to your fingertips so you can act on critical opportunities with confidence.