April 12, 2024

Home Prices Dip in Canada as Buyers Await Lower Mortgage Rates

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Canadian home sales were basically flat and prices dipped in March, a sluggish beginning to a spring market that some analysts believe will pick up soon as the Bank of Canada moves closer to cutting interest rates.

The number of transactions nationally rose 0.5% in March on a seasonally adjusted basis after falling 3.1% in February, according to data released Friday by the Canadian Real Estate Association.

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