Hoping for a pickup within the
housing market
? You could have to attend some time longer.
Canada’s reluctant rally is now unlikely to come back earlier than fall, after residence costs “flatlined” throughout what is often the busiest shopping for season of the 12 months, says a
forecast launched at this time
by one of many nation’s high actual property corporations.
The nationwide mixture residence worth rose simply 0.3 per cent within the second quarter from the 12 months earlier than, in keeping with
Royal LePage.
The value fell 0.4 per cent from the primary quarter.
“The beginning of the spring market – usually one of many busiest instances of 12 months for residence shopping for and promoting – was noticeably subdued in a number of areas this 12 months, particularly in Toronto and Vancouver, two of the nation’s largest and costliest markets,” stated the report.
“Amid world political and financial uncertainty, many homebuyers continued to take a cautious, wait-and-see strategy.”
Royal LePage covers 64 markets in its report and costs fell in 26 of them, most of them in Ontario. In 38 cities costs both rose or remained flat.
The true property firm additionally reduce its nationwide forecast “modestly” due to the “slower than traditional” gross sales in Ontario and British Columbia. It now sees costs rising 3.5 per cent within the fourth quarter from the identical time final 12 months.
“Given the backdrop of world financial uncertainty and cautious sentiment at residence, we count on regular however uneven progress throughout regional markets this summer season, quite than a broad-based rally,” stated Royal LePage chief government Phil Soper.
“With borrowing prices steady and stock ranges persevering with to construct, the muse is in place for a stronger market this fall – and indicators of renewed confidence are starting to emerge.”
Donald Trump’s tariff threats
have left Canadians nervous in regards to the economic system and their jobs. Although rates of interest have dropped, the
Financial institution of Canada
has held its benchmark fee for the final two conferences, and there’s a robust probability it may accomplish that once more this month.
Patrons are making their method again into the housing market, “however it’s removed from a stampede,” stated Robert Hogue, an economist with
Royal Financial institution of Canada
,
in a separate report.
Native actual property boards reported modest upticks in gross sales in June however this solely reversed a fraction of the pullbacks earlier this 12 months, he stated. The
Canadian Actual Property Affiliation
is predicted to launch nationwide knowledge at this time.
“Whereas any constructive growth within the commerce warfare would enhance confidence and maintain the housing market on a restoration course, we predict the influence would most certainly be gradual, particularly in areas scuffling with affordability,” he wrote.
In fact, location issues in actual property. Toronto and Vancouver suffered among the largest declines, with costs dropping 3 and a couple of.6 per cent within the second quarter, respectively.
However in different markets — together with Montreal, Halifax, Regina, Winnipeg and Edmonton — costs rose.
Quebec Metropolis as soon as once more got here out on high. For the fifth quarter in a row, this metropolis achieved the most important features nationwide, stated Royal LePage, with costs up 13.5 per cent 12 months over 12 months.
Join right here to get Posthaste delivered straight to your inbox.
Is that this what de-dollarization appears like?
The
Worldwide Financial Fund
‘s newest report on the place international locations are placing their cash in overseas change reserves reveals that the U.S. greenback’s share fell once more within the first quarter of this 12 months. The decline continues a “de-dollarization” pattern that has been occurring because the early 2000s, in keeping with this chart from Nationwide Financial institution of Canada.
The 57.7 per cent USD allocation is simply a bit larger than the file low of 57.3 per cent hit within the third quarter of 2024, stated Nationwide economists.
Thoughts you, that’s nonetheless the lion’s share of the market. After the buck, the euro is the following largest, holding 20 per cent of allocations. The
Canadian greenback
has simply 2.6 per cent.
- As we speak’s Information: Canada and United States shopper worth indices for June, Canada current residence gross sales, Canada manufacturing gross sales for Could
- Earnings: Cogeco Communications Inc., Blackrock Inc., JPMorgan Chase & Co., Financial institution of New York Mellon Corp., Wells Fargo & Co., Citigroup Inc. Omnicom Group Inc.
- Canadian tech startups are embracing the EU. However can they escape the pull of the U.S.?
- The important thing to investing when you’ve constructed wealth
- Hudson’s Bay fights again in opposition to lender that desires to terminate lease gross sales to Ruby Liu
You’ve taken dangers, made sacrifices, and labored relentlessly to create monetary safety. Now, the problem is totally different: to guard what you’ve constructed, develop it responsibly, and use it to dwell effectively — whereas leaving a significant legacy. It’s a shift that requires greater than only a new technique. It calls for a brand new mindset, writes investing professional Martin Pelletier.
Discover out extra in regards to the transition
from wealth accumulation to wealth preservation.
Ship us your summer season job search tales
Lately, we revealed a function on the
dying of the summer season job
as pupil unemployment reaches disaster ranges. We wish to hear instantly from Canadians aged 15-24 about their summer season job search.
Ship us your story, in 50-100 phrases, and we’ll publish the most effective submissions in an upcoming version of the Monetary Submit.
You may submit your story by electronic mail to
fp_economy@postmedia.com
beneath the topic heading “Summer time job tales.” Please embody your title, your age, town and province the place you reside, and a cellphone quantity to achieve you.
McLister on mortgages
Need to study extra about mortgages? Mortgage strategist Robert McLister’s
Monetary Submit column
may help navigate the complicated sector, from the newest developments to financing alternatives you gained’t wish to miss. Plus verify his
mortgage fee web page
for Canada’s lowest nationwide mortgage charges, up to date every day.
Monetary Submit on YouTube
Go to the Monetary Submit’s
YouTube channel
for interviews with Canada’s main specialists in enterprise, economics, housing, the vitality sector and extra.
As we speak’s Posthaste was written by Pamela Heaven with further reporting from Monetary Submit workers, The Canadian Press and Bloomberg.
Have a narrative concept, pitch, embargoed report, or a suggestion for this article? E mail us at
posthaste@postmedia.com
.
Bookmark our web site and assist our journalism: Don’t miss the enterprise information it’s essential to know — add financialpost.com to your bookmarks and join our newsletters right here
Hoping for a pickup within the
housing market
? You could have to attend some time longer.
Canada’s reluctant rally is now unlikely to come back earlier than fall, after residence costs “flatlined” throughout what is often the busiest shopping for season of the 12 months, says a
forecast launched at this time
by one of many nation’s high actual property corporations.
The nationwide mixture residence worth rose simply 0.3 per cent within the second quarter from the 12 months earlier than, in keeping with
Royal LePage.
The value fell 0.4 per cent from the primary quarter.
“The beginning of the spring market – usually one of many busiest instances of 12 months for residence shopping for and promoting – was noticeably subdued in a number of areas this 12 months, particularly in Toronto and Vancouver, two of the nation’s largest and costliest markets,” stated the report.
“Amid world political and financial uncertainty, many homebuyers continued to take a cautious, wait-and-see strategy.”
Royal LePage covers 64 markets in its report and costs fell in 26 of them, most of them in Ontario. In 38 cities costs both rose or remained flat.
The true property firm additionally reduce its nationwide forecast “modestly” due to the “slower than traditional” gross sales in Ontario and British Columbia. It now sees costs rising 3.5 per cent within the fourth quarter from the identical time final 12 months.
“Given the backdrop of world financial uncertainty and cautious sentiment at residence, we count on regular however uneven progress throughout regional markets this summer season, quite than a broad-based rally,” stated Royal LePage chief government Phil Soper.
“With borrowing prices steady and stock ranges persevering with to construct, the muse is in place for a stronger market this fall – and indicators of renewed confidence are starting to emerge.”
Donald Trump’s tariff threats
have left Canadians nervous in regards to the economic system and their jobs. Although rates of interest have dropped, the
Financial institution of Canada
has held its benchmark fee for the final two conferences, and there’s a robust probability it may accomplish that once more this month.
Patrons are making their method again into the housing market, “however it’s removed from a stampede,” stated Robert Hogue, an economist with
Royal Financial institution of Canada
,
in a separate report.
Native actual property boards reported modest upticks in gross sales in June however this solely reversed a fraction of the pullbacks earlier this 12 months, he stated. The
Canadian Actual Property Affiliation
is predicted to launch nationwide knowledge at this time.
“Whereas any constructive growth within the commerce warfare would enhance confidence and maintain the housing market on a restoration course, we predict the influence would most certainly be gradual, particularly in areas scuffling with affordability,” he wrote.
In fact, location issues in actual property. Toronto and Vancouver suffered among the largest declines, with costs dropping 3 and a couple of.6 per cent within the second quarter, respectively.
However in different markets — together with Montreal, Halifax, Regina, Winnipeg and Edmonton — costs rose.
Quebec Metropolis as soon as once more got here out on high. For the fifth quarter in a row, this metropolis achieved the most important features nationwide, stated Royal LePage, with costs up 13.5 per cent 12 months over 12 months.
Join right here to get Posthaste delivered straight to your inbox.
Is that this what de-dollarization appears like?
The
Worldwide Financial Fund
‘s newest report on the place international locations are placing their cash in overseas change reserves reveals that the U.S. greenback’s share fell once more within the first quarter of this 12 months. The decline continues a “de-dollarization” pattern that has been occurring because the early 2000s, in keeping with this chart from Nationwide Financial institution of Canada.
The 57.7 per cent USD allocation is simply a bit larger than the file low of 57.3 per cent hit within the third quarter of 2024, stated Nationwide economists.
Thoughts you, that’s nonetheless the lion’s share of the market. After the buck, the euro is the following largest, holding 20 per cent of allocations. The
Canadian greenback
has simply 2.6 per cent.
- As we speak’s Information: Canada and United States shopper worth indices for June, Canada current residence gross sales, Canada manufacturing gross sales for Could
- Earnings: Cogeco Communications Inc., Blackrock Inc., JPMorgan Chase & Co., Financial institution of New York Mellon Corp., Wells Fargo & Co., Citigroup Inc. Omnicom Group Inc.
- Canadian tech startups are embracing the EU. However can they escape the pull of the U.S.?
- The important thing to investing when you’ve constructed wealth
- Hudson’s Bay fights again in opposition to lender that desires to terminate lease gross sales to Ruby Liu
You’ve taken dangers, made sacrifices, and labored relentlessly to create monetary safety. Now, the problem is totally different: to guard what you’ve constructed, develop it responsibly, and use it to dwell effectively — whereas leaving a significant legacy. It’s a shift that requires greater than only a new technique. It calls for a brand new mindset, writes investing professional Martin Pelletier.
Discover out extra in regards to the transition
from wealth accumulation to wealth preservation.
Ship us your summer season job search tales
Lately, we revealed a function on the
dying of the summer season job
as pupil unemployment reaches disaster ranges. We wish to hear instantly from Canadians aged 15-24 about their summer season job search.
Ship us your story, in 50-100 phrases, and we’ll publish the most effective submissions in an upcoming version of the Monetary Submit.
You may submit your story by electronic mail to
fp_economy@postmedia.com
beneath the topic heading “Summer time job tales.” Please embody your title, your age, town and province the place you reside, and a cellphone quantity to achieve you.
McLister on mortgages
Need to study extra about mortgages? Mortgage strategist Robert McLister’s
Monetary Submit column
may help navigate the complicated sector, from the newest developments to financing alternatives you gained’t wish to miss. Plus verify his
mortgage fee web page
for Canada’s lowest nationwide mortgage charges, up to date every day.
Monetary Submit on YouTube
Go to the Monetary Submit’s
YouTube channel
for interviews with Canada’s main specialists in enterprise, economics, housing, the vitality sector and extra.
As we speak’s Posthaste was written by Pamela Heaven with further reporting from Monetary Submit workers, The Canadian Press and Bloomberg.
Have a narrative concept, pitch, embargoed report, or a suggestion for this article? E mail us at
posthaste@postmedia.com
.
Bookmark our web site and assist our journalism: Don’t miss the enterprise information it’s essential to know — add financialpost.com to your bookmarks and join our newsletters right here
Hoping for a pickup within the
housing market
? You could have to attend some time longer.
Canada’s reluctant rally is now unlikely to come back earlier than fall, after residence costs “flatlined” throughout what is often the busiest shopping for season of the 12 months, says a
forecast launched at this time
by one of many nation’s high actual property corporations.
The nationwide mixture residence worth rose simply 0.3 per cent within the second quarter from the 12 months earlier than, in keeping with
Royal LePage.
The value fell 0.4 per cent from the primary quarter.
“The beginning of the spring market – usually one of many busiest instances of 12 months for residence shopping for and promoting – was noticeably subdued in a number of areas this 12 months, particularly in Toronto and Vancouver, two of the nation’s largest and costliest markets,” stated the report.
“Amid world political and financial uncertainty, many homebuyers continued to take a cautious, wait-and-see strategy.”
Royal LePage covers 64 markets in its report and costs fell in 26 of them, most of them in Ontario. In 38 cities costs both rose or remained flat.
The true property firm additionally reduce its nationwide forecast “modestly” due to the “slower than traditional” gross sales in Ontario and British Columbia. It now sees costs rising 3.5 per cent within the fourth quarter from the identical time final 12 months.
“Given the backdrop of world financial uncertainty and cautious sentiment at residence, we count on regular however uneven progress throughout regional markets this summer season, quite than a broad-based rally,” stated Royal LePage chief government Phil Soper.
“With borrowing prices steady and stock ranges persevering with to construct, the muse is in place for a stronger market this fall – and indicators of renewed confidence are starting to emerge.”
Donald Trump’s tariff threats
have left Canadians nervous in regards to the economic system and their jobs. Although rates of interest have dropped, the
Financial institution of Canada
has held its benchmark fee for the final two conferences, and there’s a robust probability it may accomplish that once more this month.
Patrons are making their method again into the housing market, “however it’s removed from a stampede,” stated Robert Hogue, an economist with
Royal Financial institution of Canada
,
in a separate report.
Native actual property boards reported modest upticks in gross sales in June however this solely reversed a fraction of the pullbacks earlier this 12 months, he stated. The
Canadian Actual Property Affiliation
is predicted to launch nationwide knowledge at this time.
“Whereas any constructive growth within the commerce warfare would enhance confidence and maintain the housing market on a restoration course, we predict the influence would most certainly be gradual, particularly in areas scuffling with affordability,” he wrote.
In fact, location issues in actual property. Toronto and Vancouver suffered among the largest declines, with costs dropping 3 and a couple of.6 per cent within the second quarter, respectively.
However in different markets — together with Montreal, Halifax, Regina, Winnipeg and Edmonton — costs rose.
Quebec Metropolis as soon as once more got here out on high. For the fifth quarter in a row, this metropolis achieved the most important features nationwide, stated Royal LePage, with costs up 13.5 per cent 12 months over 12 months.
Join right here to get Posthaste delivered straight to your inbox.
Is that this what de-dollarization appears like?
The
Worldwide Financial Fund
‘s newest report on the place international locations are placing their cash in overseas change reserves reveals that the U.S. greenback’s share fell once more within the first quarter of this 12 months. The decline continues a “de-dollarization” pattern that has been occurring because the early 2000s, in keeping with this chart from Nationwide Financial institution of Canada.
The 57.7 per cent USD allocation is simply a bit larger than the file low of 57.3 per cent hit within the third quarter of 2024, stated Nationwide economists.
Thoughts you, that’s nonetheless the lion’s share of the market. After the buck, the euro is the following largest, holding 20 per cent of allocations. The
Canadian greenback
has simply 2.6 per cent.
- As we speak’s Information: Canada and United States shopper worth indices for June, Canada current residence gross sales, Canada manufacturing gross sales for Could
- Earnings: Cogeco Communications Inc., Blackrock Inc., JPMorgan Chase & Co., Financial institution of New York Mellon Corp., Wells Fargo & Co., Citigroup Inc. Omnicom Group Inc.
- Canadian tech startups are embracing the EU. However can they escape the pull of the U.S.?
- The important thing to investing when you’ve constructed wealth
- Hudson’s Bay fights again in opposition to lender that desires to terminate lease gross sales to Ruby Liu
You’ve taken dangers, made sacrifices, and labored relentlessly to create monetary safety. Now, the problem is totally different: to guard what you’ve constructed, develop it responsibly, and use it to dwell effectively — whereas leaving a significant legacy. It’s a shift that requires greater than only a new technique. It calls for a brand new mindset, writes investing professional Martin Pelletier.
Discover out extra in regards to the transition
from wealth accumulation to wealth preservation.
Ship us your summer season job search tales
Lately, we revealed a function on the
dying of the summer season job
as pupil unemployment reaches disaster ranges. We wish to hear instantly from Canadians aged 15-24 about their summer season job search.
Ship us your story, in 50-100 phrases, and we’ll publish the most effective submissions in an upcoming version of the Monetary Submit.
You may submit your story by electronic mail to
fp_economy@postmedia.com
beneath the topic heading “Summer time job tales.” Please embody your title, your age, town and province the place you reside, and a cellphone quantity to achieve you.
McLister on mortgages
Need to study extra about mortgages? Mortgage strategist Robert McLister’s
Monetary Submit column
may help navigate the complicated sector, from the newest developments to financing alternatives you gained’t wish to miss. Plus verify his
mortgage fee web page
for Canada’s lowest nationwide mortgage charges, up to date every day.
Monetary Submit on YouTube
Go to the Monetary Submit’s
YouTube channel
for interviews with Canada’s main specialists in enterprise, economics, housing, the vitality sector and extra.
As we speak’s Posthaste was written by Pamela Heaven with further reporting from Monetary Submit workers, The Canadian Press and Bloomberg.
Have a narrative concept, pitch, embargoed report, or a suggestion for this article? E mail us at
posthaste@postmedia.com
.
Bookmark our web site and assist our journalism: Don’t miss the enterprise information it’s essential to know — add financialpost.com to your bookmarks and join our newsletters right here
Hoping for a pickup within the
housing market
? You could have to attend some time longer.
Canada’s reluctant rally is now unlikely to come back earlier than fall, after residence costs “flatlined” throughout what is often the busiest shopping for season of the 12 months, says a
forecast launched at this time
by one of many nation’s high actual property corporations.
The nationwide mixture residence worth rose simply 0.3 per cent within the second quarter from the 12 months earlier than, in keeping with
Royal LePage.
The value fell 0.4 per cent from the primary quarter.
“The beginning of the spring market – usually one of many busiest instances of 12 months for residence shopping for and promoting – was noticeably subdued in a number of areas this 12 months, particularly in Toronto and Vancouver, two of the nation’s largest and costliest markets,” stated the report.
“Amid world political and financial uncertainty, many homebuyers continued to take a cautious, wait-and-see strategy.”
Royal LePage covers 64 markets in its report and costs fell in 26 of them, most of them in Ontario. In 38 cities costs both rose or remained flat.
The true property firm additionally reduce its nationwide forecast “modestly” due to the “slower than traditional” gross sales in Ontario and British Columbia. It now sees costs rising 3.5 per cent within the fourth quarter from the identical time final 12 months.
“Given the backdrop of world financial uncertainty and cautious sentiment at residence, we count on regular however uneven progress throughout regional markets this summer season, quite than a broad-based rally,” stated Royal LePage chief government Phil Soper.
“With borrowing prices steady and stock ranges persevering with to construct, the muse is in place for a stronger market this fall – and indicators of renewed confidence are starting to emerge.”
Donald Trump’s tariff threats
have left Canadians nervous in regards to the economic system and their jobs. Although rates of interest have dropped, the
Financial institution of Canada
has held its benchmark fee for the final two conferences, and there’s a robust probability it may accomplish that once more this month.
Patrons are making their method again into the housing market, “however it’s removed from a stampede,” stated Robert Hogue, an economist with
Royal Financial institution of Canada
,
in a separate report.
Native actual property boards reported modest upticks in gross sales in June however this solely reversed a fraction of the pullbacks earlier this 12 months, he stated. The
Canadian Actual Property Affiliation
is predicted to launch nationwide knowledge at this time.
“Whereas any constructive growth within the commerce warfare would enhance confidence and maintain the housing market on a restoration course, we predict the influence would most certainly be gradual, particularly in areas scuffling with affordability,” he wrote.
In fact, location issues in actual property. Toronto and Vancouver suffered among the largest declines, with costs dropping 3 and a couple of.6 per cent within the second quarter, respectively.
However in different markets — together with Montreal, Halifax, Regina, Winnipeg and Edmonton — costs rose.
Quebec Metropolis as soon as once more got here out on high. For the fifth quarter in a row, this metropolis achieved the most important features nationwide, stated Royal LePage, with costs up 13.5 per cent 12 months over 12 months.
Join right here to get Posthaste delivered straight to your inbox.
Is that this what de-dollarization appears like?
The
Worldwide Financial Fund
‘s newest report on the place international locations are placing their cash in overseas change reserves reveals that the U.S. greenback’s share fell once more within the first quarter of this 12 months. The decline continues a “de-dollarization” pattern that has been occurring because the early 2000s, in keeping with this chart from Nationwide Financial institution of Canada.
The 57.7 per cent USD allocation is simply a bit larger than the file low of 57.3 per cent hit within the third quarter of 2024, stated Nationwide economists.
Thoughts you, that’s nonetheless the lion’s share of the market. After the buck, the euro is the following largest, holding 20 per cent of allocations. The
Canadian greenback
has simply 2.6 per cent.
- As we speak’s Information: Canada and United States shopper worth indices for June, Canada current residence gross sales, Canada manufacturing gross sales for Could
- Earnings: Cogeco Communications Inc., Blackrock Inc., JPMorgan Chase & Co., Financial institution of New York Mellon Corp., Wells Fargo & Co., Citigroup Inc. Omnicom Group Inc.
- Canadian tech startups are embracing the EU. However can they escape the pull of the U.S.?
- The important thing to investing when you’ve constructed wealth
- Hudson’s Bay fights again in opposition to lender that desires to terminate lease gross sales to Ruby Liu
You’ve taken dangers, made sacrifices, and labored relentlessly to create monetary safety. Now, the problem is totally different: to guard what you’ve constructed, develop it responsibly, and use it to dwell effectively — whereas leaving a significant legacy. It’s a shift that requires greater than only a new technique. It calls for a brand new mindset, writes investing professional Martin Pelletier.
Discover out extra in regards to the transition
from wealth accumulation to wealth preservation.
Ship us your summer season job search tales
Lately, we revealed a function on the
dying of the summer season job
as pupil unemployment reaches disaster ranges. We wish to hear instantly from Canadians aged 15-24 about their summer season job search.
Ship us your story, in 50-100 phrases, and we’ll publish the most effective submissions in an upcoming version of the Monetary Submit.
You may submit your story by electronic mail to
fp_economy@postmedia.com
beneath the topic heading “Summer time job tales.” Please embody your title, your age, town and province the place you reside, and a cellphone quantity to achieve you.
McLister on mortgages
Need to study extra about mortgages? Mortgage strategist Robert McLister’s
Monetary Submit column
may help navigate the complicated sector, from the newest developments to financing alternatives you gained’t wish to miss. Plus verify his
mortgage fee web page
for Canada’s lowest nationwide mortgage charges, up to date every day.
Monetary Submit on YouTube
Go to the Monetary Submit’s
YouTube channel
for interviews with Canada’s main specialists in enterprise, economics, housing, the vitality sector and extra.
As we speak’s Posthaste was written by Pamela Heaven with further reporting from Monetary Submit workers, The Canadian Press and Bloomberg.
Have a narrative concept, pitch, embargoed report, or a suggestion for this article? E mail us at
posthaste@postmedia.com
.
Bookmark our web site and assist our journalism: Don’t miss the enterprise information it’s essential to know — add financialpost.com to your bookmarks and join our newsletters right here
