• CREA downgrades home sales forecast for the third time this year

    CREA downgrades home sales forecast for the third time this year
    The Canadian Real Estate Association has downgraded its forecast for home sales activity in 2026 for the third straight quarter.CREA now expects a total of 444,530 homes to be sold by the end of this year, representing a 5.2% decrease from 2025.That’s down from its July forecast of a 1.4% year-over-year decline, which marked a reversal from its April forecast of a 1% gain. The association had predicted 5.1% growth year-over-year in January.CREA also projects the national average home price
  • Bank of Canada set for pair of important data drops ahead of ‘live’ rate decision

    Bank of Canada set for pair of important data drops ahead of ‘live’ rate decision
    The Bank of Canada will get a raft of fresh data to start next week as it weighs what could be a pivotal interest rate decision at the end of the month.Statistics Canada is set to release its September inflation data on Monday, giving the central bank a look at how energy price pressures are influencing other parts of the consumer basket.A Reuters poll of economists expects the annual rate of inflation rose to 3.2% in September, up from 3% in August, according to LSEG Data & Analytics.RBC as