Housing Market Update
Updated: May 1, 2024
Resale Market Steady, but Hopes for Lower Interest Rates
Canadian resale volumes remained in a narrow band during March after small changes in January and February. Still, current activity is firmer than it was last fall suggesting at a minimum, broad market acceptance of current interest rate levels. This sentiment could be tested as bond yields surged on 10 April, following higher-than-expected US inflation data.
May 1, 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
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.