#candianrealestate #bankofcanada #canadianeconomy

Canadian would-be home buyers aren’t responding to a the recent interest rate cut from the Bank of Canada, according to a new poll from Ipsos. However, a new Bloomberg poll also says that consumer confidence is increasing, largely due to ‘widespread’ bullish sentiment on the real estate market.

Links:

Interest Rate Decline Hasn’t Made Housing More Affordable For Most:

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Bank of Canada's Tiff Macklem signals more rate cuts possible after historic shift:

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Here’s how would-be homebuyers are responding to the Bank of Canada rate cut:

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Canada consumer confidence hits 2-year high as pessimism falls:

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Will the Bank of Canada's interest rate cut spur the housing market?:

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Bank of Canada cut could potentially boost homebuyer activity:

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Royal LePage president predicts ‘material lift’ in home sales after BoC rate cut:

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Consumer Price Index:

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Canada Consumer Confidence Hits 2-Year High as Expectations Rise:

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Canadian consumer confidence reaches two-year high post-rate cut:

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Consumer confidence hits a two year high (Bloomberg/Nanos):

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Market Participants Survey—First Quarter of 2024:

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Bidding wars still happening in the GTA, with lower interest rates a catalyst for even more:

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Half of sidelined homebuyers waiting for interest rate cuts to resume their purchase plans:

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‘A shocking number:’ Total mortgage balance reaching ‘severe delinquency’ exceeds $1 billion for the first time in Ontario:

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Consumer Confidence In Canada At Two-Year High:

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Why banks are bracing for a mortgage renewal cliff:

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