Home sales in Canada's largest market absolutely cratered from last year in February as higher rates took a toll on activity.
Home sales in Canada's largest market absolutely cratered from last year
in February as higher rates took a toll on activity. Sales in the month were basically cut in half year-over-year, which is notable just given the timing of things – February of last year was the last month before the Bank of Canada started its rate hiking cycle, which has brought the benchmark borrowing rate up a full four per cent.
, announcing plans to exit and lay off 2,500 employees. It's shades of Target's departure, albeit at a lower capital and employment cost – when Target shut down, it cut 17,000 jobs, with Nordstrom it's more like 2,500 positions.
Ritchie Bros. says dissident shareholder Luxor's goals don't align with those of shareholders in the latter's fight against the takeover of IAA – though worth noting the two sides have been at it for some time about the US$7.3 billion takeover.Notable data: Toronto Regional Real Estate Board home sales, Labour Productivity, Building Permits, ISM Services PMI
Notable earnings: SNC Lavalin, Martinrea International, Crescent Point Energy, Canadian Natural Resource
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Metro Vancouver home sales in February down 47 per cent over last year: REBGVExperts blame higher mortgage rates and a continued reluctance among buyers for the below\u002Daverage sales activity.
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Vancouver home sales down 47.2% in February, prices off 9.3% in sluggish marketVancouver homes sales and prices fell in February and market experts expect the trend to continue over the next few months. Read on.
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Toronto area home prices tick higher in February, sales volumes remain lowThe home price index was $1,091,300 last month, which amounts to a 1.1-per-cent rise from January
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Toronto-area home prices down 18% from last February, sales halved: boardGreater Toronto Area home prices fell almost 18 per cent from last February as the number of properties sold was halved, the region's real estate board said.
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Toronto-area home prices down 18% from last February, sales halved: boardGreater Toronto Area home prices fell almost 18 per cent from last February as the number of properties sold was halved, the region's real estate board said.
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Toronto home prices down 18% from last February, sales halved: Board - BNN BloombergGreater Toronto Area home prices fell almost 18 per cent from last February as the number of properties sold was halved, the region's real estate board said.
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