New data shows that Canadian home prices ended the year on a downward trend and are expected to continue declining until late spring. The latest Teranet-National Bank Composite House Price Index fell 0.5% between November and December, marking the third consecutive month of decline. Despite a less vigorous economy, there hasn't been a significant increase in supply in the real estate market. In fact, active listings declined in December, helping to limit the fall in prices.
Interest rate cuts expected in Q2 should lead to market stabilization in the second half of the year
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Prices Slightly Higher, Silver Prices Slightly Lower in Midday TradingGold prices are slightly higher and silver prices slightly lower in midday U.S. trading Tuesday. Quieter, post-holiday trading is featured. Bullish charts are prompting some mild speculator buying interest in both precious metals. The key outside markets were also bullish for the metals today, as the U.S. dollar index was modestly weaker and crude oil prices were solidly higher. Some profit-taking from the shorter-term futures traders did limit gains in gold and silver today. February gold was last up $1.70 at $2,070.60. March silver was last down $0.07 at $24.50. Asian and European stock markets were mixed overnight. U.S.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »