{"id":71567,"date":"2025-08-15T12:22:08","date_gmt":"2025-08-15T12:22:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/71567\/"},"modified":"2025-08-15T12:22:08","modified_gmt":"2025-08-15T12:22:08","slug":"canadian-home-sales-rise-again","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/71567\/","title":{"rendered":"Canadian home sales rise again"},"content":{"rendered":"<p>The outlook for the housing market has brightened in recent months despite the ongoing tariff turmoil, which has seen US president Donald Trump <a href=\"https:\/\/www.mpamag.com\/ca\/news\/general\/trump-vows-massive-new-tariffs-on-canada-in-major-trade-war-escalation\/542267\" rel=\"nofollow noopener\" target=\"_blank\">threaten fresh levies<\/a> on Canadian imports, and stubbornly high mortgage rates.<\/p>\n<p>The Bank of Canada has kept rate cuts on ice over the summer, opting not to trim its benchmark rate as it assesses how that trade dispute is impacting the Canadian economy and inflation.<\/p>\n<p>But CREA senior economist Shaun Cathcart said the latest sales figures are a positive sign for Canadian housing, even though those trade threats continue to linger. \u201cAt the national level, June was pretty close to a carbon copy of May, with sales up about 3% on a month-over-month basis and prices once again holding steady,\u201d he said in the association\u2019s press release.<\/p>\n<p>\u201cIt\u2019s another month of data suggesting the anticipated rebound in Canadian housing markets may have only been delayed by a few months, following a chaotic start to the year \u2013 although with the latest 35% tariff threat, we\u2019re not out of the woods yet.\u201d<\/p>\n<p>New listings inched slightly lower, falling by 2.9% last month compared with June, pushing the sales-to-new-listings ratio higher \u2013 to 50.1%, compared with 47.3% in May.<\/p>\n","protected":false},"excerpt":{"rendered":"The outlook for the housing market has brightened in recent months despite the ongoing tariff turmoil, which has&hellip;\n","protected":false},"author":2,"featured_media":71568,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[45,49,48,42308,12175,100],"class_list":["post-71567","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-ca","tag-canada","tag-canada-housing-market","tag-home-sales","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/71567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=71567"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/71567\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/71568"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=71567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=71567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=71567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}