The Ontario housing market experienced a dip in home prices during January 2024, with the average home price decreasing by 3.8% compared to December 2023. Nevertheless, the market is still up by 2.9% annually. While the average home sold price in the GTA was $1,026,703 for January 2024, which represents a decrease of 1.2% YoY and a larger decrease of 5.3% MoM, the number of home sales in the GTA increased...
Real Estate
Statistics Canada released surprisingly strong labor numbers on Friday, with a jump in employment of 37,000 that more than doubled expectations and prompting some economists who predicted a first Bank of Canada interest rate cut in April to wait until June. "Even though the jump in employment in January suggests a more robust labor market than the headline numbers suggest, the Bank will continue to be...