麻豆影视

Business

    • Average home price in April was $716,000, up nearly $100K in three months: CREA

    Share

    National home sales jumped by 11.3 per cent between March and April as the real estate market picked up again, but supply remained at a 20 year-low, the Canadian Real Estate Association said Monday.

    Seasonally-adjusted sales for the month totalled 38,164 compared with 34,277 in March.

    The actual number of homes sold last month amounted to 44,059, down 19.5 per cent from a year prior.

    The year-over-year sales decline was markedly smaller than the drops reported in recent months, the association said, attributing the return of sales to home prices, which many feel have bottomed out in recent months as interest rates climbed eight times over the last year.

    "It wasn't all that surprising to see buyers jumping off the sidelines and back into the market in April," Shaun Cathcart, CREA's senior economist said in a press release.

    "Supply, on the other hand, has been sluggish, hence the price gains from March to April seen all over the country."

    The seasonally-adjusted number of new listings edged up 1.6 per cent to 54,355 in April from March. The actual number of new listings was 67,472, about 26 per cent lower than a year ago.

    However, the first week of May, which is not included in CREA's April data, showed a burst of new supply, said Cathcart.

    He believes the May uptick suggests many April buyers were existing homeowners that are now looking to sell their current homes.

    "That could make for the kind of virtuous circle that might ultimately get more first-time buyers into the ownership space this year," he said.

    Those who waded into the market last month found last month's seasonally-adjusted average price hit $695,887, up 5.7 per cent from March.

    The actual average home price was roughly $716,000 in April, down 3.9 per cent from April 2022, but up $103,500 from January 2023.

    CREA attributed the gains seen since January to "outsized sales rebounds" in the Greater Toronto Area (GTA) and B.C.'s Lower Mainland, which tend to be hot markets.

    Excluding the GTA and Greater Vancouver from the calculation cuts more than $144,000 from the actual national average price, CREA said.

    "An improving demand backdrop is helping boost home prices, even as affordability remains significantly strained," Rishi Sondhi of TD Economics said in a note to investors.

    "However, subdued supply is probably playing an even larger role in pushing prices higher."

    CREA's national housing data was released the same day as Canada Mortgage and Housing Corp. published housing starts figures that showed the annual pace of starts in April rose 22 per cent compared with March.

    Housing starts are a measure of when construction on homes begins and a key indicator of how Canada is addressing housing supply gaps.

    "The snapback in sales, the firming in prices, and the bounce in starts in April all suggest that the housing market has found a floor," said Douglas Porter, chief economist with BMO Capital Markets, in a note to investors.

    He felt more clarity around interest rates along with the underlying resiliency of the economy, which has seen persistent strength in jobs, played a role in April's market.

    "As we have often pointed out, if housing -- the most interest-sensitive and cyclical sector of the economy -- is showing a renewed pulse, it begs the question of whether monetary policy is nearly tight enough," he said.

    "While we don't look for further rate hikes by the Bank of Canada, renewed strength in housing certainly aims the risks squarely in that direction."

    This report by The Canadian Press was first published May 15, 2023.

    CTVNews.ca Top Stories

    Murray Sinclair鈥檚 family members say the late justice and senator has been laid to rest according to his wishes.

    Prime Minister Justin Trudeau announced voters in Cloverdale鈥擫angley City will pick their next member of Parliament on Dec. 16.

    As the possibility of mass deportations looms following Donald Trump's re-election on Tuesday, border towns like the City of Cornwall are preparing for a potential influx of asylum seekers.

    On Friday, the Sarnia Police Service (SPS) received a report of an alleged abduction in the area of Kathleen Avenue and Walnut Avenue.

    It's been a trip to cherish for a group of Canadians visiting Belgium this week to honour the legacy of Indigenous soldiers.

    Canada

    • Nova Scotia's New Democratic Party says a candidate criticized by the Centre for Israel and Jewish Affairs for "troubling" and "damaging" social media posts is no longer running for the party in the Nov. 26 general election.

    • On Friday, the Sarnia Police Service (SPS) received a report of an alleged abduction in the area of Kathleen Avenue and Walnut Avenue.

    • It's been a trip to cherish for a group of Canadians visiting Belgium this week to honour the legacy of Indigenous soldiers.

    • Winnipeg firefighters rescued and reunited a cat with its owners Saturday after a house fire in the city鈥檚 Burrows neighbourhood.

    World

    Politics

    • Murray Sinclair鈥檚 family members say the late justice and senator has been laid to rest according to his wishes.

    • Prime Minister Justin Trudeau announced voters in Cloverdale鈥擫angley City will pick their next member of Parliament on Dec. 16.

    Health

    • Researchers say taking a peek inside a person's brain is as difficult as understanding the universe or discovering the ocean in its entirety.

    • B.C. health officials say they have detected Canada's first-ever case of H5 avian influenza in a human.

    Sci-Tech

    Entertainment

    Business

    • Bitcoin hits US$80K. Why Trump is boosting crypto

      Bitcoin on Sunday hit a new record above US$80,000. The world鈥檚 largest cryptocurrency surged in the run-up to Tuesday鈥檚 US presidential election, rose sharply immediately on election night after it became clear Donald Trump would win and has continued rising in the days since his victory.

    • Contract negotiations resume today in Vancouver in a labour dispute that has paralyzed container cargo shipping at British Columbia's ports since Monday.

    Lifestyle

    Sports

    Autos

    Local Spotlight

    For the second year in a row, the 鈥楪ift-a-Family鈥 campaign is hoping to make the holidays happier for children and families in need throughout Barrie.

    Some of the most prolific photographers behind CTV Skywatch Pics of the Day use the medium for fun, therapy, and connection.

    A young family from Codroy Valley, N.L., is happy to be on land and resting with their newborn daughter, Miley, after an overwhelming, yet exciting experience at sea.

    As Connor Nijsse prepared to remove some old drywall during his garage renovation, he feared the worst.

    A group of women in Chester, N.S., has been busy on the weekends making quilts 鈥 not for themselves, but for those in need.

    A Vancouver artist whose streetside singing led to a chance encounter with one of the world's biggest musicians is encouraging aspiring performers to try their hand at busking.

    Ten-thousand hand-knit poppies were taken from the Sanctuary Arts Centre and displayed on the fence surrounding the Dartmouth Cenotaph on Monday.

    A Vancouver man is saying goodbye to his nine-to-five and embarking on a road trip from the Canadian Arctic to Antarctica.

    • Environment Canada says heavy rain and winds could cause power outages on Vancouver Island as an "intense" storm system is set to hit the B.C. coast Sunday.

    • Six deer were struck by vehicles in six different locations in a six-hour period on B.C. highways on Saturday, according to the transportation ministry.

    • The union for locked-out port workers in British Columbia says the BC Maritime Employers Association cut off talks in less than an hour Saturday, refusing to budge on a final offer that the union has so far rejected.

    • Patrons were inside a movie theatre when a suspect fired bullets at the business鈥 doors on Saturday night, before the cinema was shot at again hours later in a second incident, police say.

    • With Remembrance Day on Monday, there will be several events honouring armed forces members who died in the line of duty.

    • Taylor Swift鈥檚 Eras Tour is coming to Toronto this month and will likely be the most commercially successful concert series the city has ever seen.

    • A pair of 105-mm howitzers bark constantly as they turn plywood tank targets into kindling kilometres away on the windswept landscape of one of Canada's largest military bases.

    • More than 700 people danced, ate, and sang to celebrate Diwali Saturday night at the Genesis Centre in northeast Calgary.

    • Around 160 people attended a rally to save the Inglewood Pool Sunday afternoon.

    • Three people, including an eight-month-old have died after a two-vehicle collision on Highway 401 in eastern Ontario Saturday afternoon, according to the Ontario provincial Police (OPP).

    • CTVNewsOttawa.ca looks at what's open and closed in Ottawa on Remembrance Day.

    • CTVNewsOttawa.ca looks at Remembrance Day ceremonies in Ottawa.

    • Despite some opposition, a motion was passed at the party鈥檚 convention in Levis, Que. over the weekend to create a Quebec constitution.

    • The West Island Mission hosted its second food drive Sunday amid increasing demand.

    • Three people from Laval, Que. are dead after an accident on the Ontario highway.

    • A woman is dead after a driver crashed a truck through a Boston Pizza in Fort McMurray late Saturday morning.

    • The Edmonton Oilers may have found the break they were looking for.

    • Leaders from Alberta鈥檚 rural municipalities say they have tried everything in their power to force oil and gas companies to pay their outstanding property taxes, and they are calling on the provincial government to step in and collect these debts on their behalf.

    • Here鈥檚 what鈥檚 opened and closed across the Maritimes on Remembrance Day.

    • Two nephews of the beloved Harry R. Hamilton share stories about his life and legacy.

    • Murray Sinclair鈥檚 family members say the late justice and senator has been laid to rest according to his wishes.

    • Winnipeg police have identified two men involved in a stabbing incident earlier this week.

    • The Winnipeg Blue Bombers whipped the Saskatchewan Roughriders 38-22 in Saturday's CFL West Division final to earn their fifth consecutive trip to the Grey Cup.

    • It was a somber day at Mosaic Stadium as members of the Saskatchewan Roughriders officially cleaned out their stalls and closed the book on the 2024 season.

    • Urban municipalities across southern Saskatchewan are preparing for their civic elections on November 13.

    • 麻豆影视 Regina will be airing special coverage of Regina鈥檚 municipal election on Wednesday evening beginning at 9:30 p.m.

    • A man has been charged after a stabbing at an apartment building in Kitchener.

    • The Guelph Police Service is putting out a warning after two deaths in the downtown area.

    • Two new tributes to Canada鈥檚 veterans have been unveiled at the Elmira Cenotaph.

    • Saskatchewan RCMP are searching for a suspect after a man was seriously injured in a farm-related incident in Montreal Lake.

    • It was a somber day at Mosaic Stadium as members of the Saskatchewan Roughriders officially cleaned out their stalls and closed the book on the 2024 season.

    • The Regina Rams claimed the Hardy Cup after a hard fought battle against the Saskatoon Huskies 19-14 on Saturday in the first all Saskatchewan U-Sports western conference final since 2002.

    • CTVNewsNorthernOntario.ca is livestreaming the annual Remembrance Day ceremony at the Sudbury Community Arena starting Monday at 10:30 a.m.

    • Police have arrested a 15-year-old in connection with a break-in and $50,000 in damage done to the Centennial Arena in Elliot Lake in September.

    • On Friday, the Sarnia Police Service (SPS) received a report of an alleged abduction in the area of Kathleen Avenue and Walnut Avenue.

    • Three people were taken to hospital after a plane crashed in the Municipality of Southwest Middlesex.

    • London Knights Logan Hawery and Caleb Mitchell are returning from the U17 World Hockey Challenge with gold medals around their necks.

    • Crews responded to an overnight porch fire at a residence in Orillia, where all occupants managed to escape without injury.

    • Parades, services, and commemorations were held across Simcoe-Muskoka this weekend ahead of Monday's Remembrance Day.

    • A driver is facing multiple charges after a multi-vehicle collision on Highway 400 early Sunday morning.

    • For Gene Lotz, the spark of curiosity to delve into the history of those who served in war only began when the answers became difficult to find.

    • One person has been arrested after Chatham-Kent Police Service (CKPS) received multiple complaints about an alleged drunk driver.

    • An individual is dead following a collision involving a motorcycle in Kingsville.

    • Environment Canada says heavy rain and winds could cause power outages on Vancouver Island as an "intense" storm system is set to hit the B.C. coast Sunday.

    • Six deer were struck by vehicles in six different locations in a six-hour period on B.C. highways on Saturday, according to the transportation ministry.

    • The union for locked-out port workers in British Columbia says the BC Maritime Employers Association cut off talks in less than an hour Saturday, refusing to budge on a final offer that the union has so far rejected.

    • The emergency department at South Okanagan General Hospital in Oliver, B.C., will be closed for 31 hours this weekend, the second such closure in a week and the third since the start of November.

    • Police in Kamloops, B.C., are reminding parents and guardians to check their children's Halloween candy after receiving a report of a mother finding a razor blade in one of her daughter's treats.

    • More than two years after Alannah Brown and Douglas Barker were found dead north of Penticton, police are asking for help identifying a vehicle they believe was associated with the crime.

    • The Southern Alberta Recreation Association is officially announcing the Town of Taber as next year鈥檚 host for the Southern Alberta Summer Games.

    • The Lethbridge Hurricanes broke open a close game with three goals in the first two minutes of the third period as they defeated the Warriors 7-3 in a game played Friday night in Moose Jaw.

    • There might not a lot snow just yet, but many southern Albertans are still itching to get outdoors.

    • Police have arrested a 15-year-old in connection with a break-in and $50,000 in damage done to the Centennial Arena in Elliot Lake in September.

    • Mayors of the five largest cities in northern Ontario met in North Bay the last two days to discuss a range of critical issues impacting their cities and the region.

    • Residents in the Sault expressed concerns ranging from vandalism to privacy invasions during recent consultations on the city's plan to install automated speed enforcement cameras.

    N.L.

    Shopping Trends

    The Shopping Trends team is independent of the journalists at 麻豆影视. We may earn a commission when you use our links to shop.聽Read about us.

    Stay Connected
    Follow 麻豆影视