Canadian Real Estate SLOWS in April: Buyers Not 'Buying' the Forecasts

#canadarealestate #bankofcanada #canadianrealestate

The Canadian real estate market continued to slow in April, as buyers aren’t buying the forecasts of imminent rate cuts and prices to the moon – Fool me once!

LINKS:

National Statistics:

https://creastats.crea.ca/en-CA/

Home Buyers Remain Cautious Amid Increasing Spring Listings:

   • Home Buyers Remain Cautious Amid Incr...  

Canadian home sales begin 2023 at 14-year low:

   • Canadian home sales begin 2023 at 14-...  

Home sales dip in April from prior month as spring listings perk up: CREA:

https://www.thestar.com/business/home...

Home Buyers Remain Cautious Amid Increasing Spring Listings:

https://ca.finance.yahoo.com/news/hom...

Toronto real estate market hits spring standoff: listings up 47% while sales sag:

https://www.thestar.com/business/toro...

Consumer price index:

https://www.statcan.gc.ca/en/subjects...

Indicators of financial vulnerabilities:

https://www.bankofcanada.ca/rates/ind...

Implied short-term interest rate movements and probabilities based on BAX prices:

https://www.m-x.ca/en/trading/tools/c...

Markets and economists react: BoC June rate cut bets slashed after unexpectedly strong jobs data:

https://www.theglobeandmail.com/inves...

June rate cut 'within the realm of possibilities,' says Macklem, as Bank of Canada holds rate at 5%:

https://ca.finance.yahoo.com/june-rat...

‘Welcome news’ on inflation raises odds Bank of Canada will cut interest rate in June:

https://financialpost.com/news/econom...

‘A clear path to cut rates in June’: How economists and market bets for BoC moves reacted to Tuesday’s inflation data:

https://www.theglobeandmail.com/inves...

Hoping the Bank of Canada will cut rates Wednesday? Experts say you’ll likely have to wait until June:

https://www.thestar.com/business/hopi...

Here’s when markets expect the Bank of Canada to start cutting interest rates:

https://globalnews.ca/news/9646398/ba...

Bank of Canada Holds Key Interest Rate, but the Cost of Your Mortgage May Still Go Up:

https://money.ca/mortgages/mortgage-r...

Even if BoC raises rates I don’t see it having a big impact on the housing market: Nasma Ali:

https://www.bnnbloomberg.ca/video/eve...

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