Stocks in play: Anfield Energy Inc


Canada home prices set to recover as demand stays strong: Reuters poll

Average home prices in Canada are set to fall around 9% this year and then rise into 2024 and beyond as buyers bet interest rates have already peaked alongside strong demand for housing, according to property analysts polled by Reuters. The Bank of Canada raised rates rapidly from near-zero early last year to 4.25% in January, but that has failed to be a significant drag on home prices, which have fallen about 15% since last March after surging over 50% since the start of the COVID pandemic early in 2020. Since the Canadian central bank opted for a conditional pause on rate rises in January – even while the U.S. Federal Reserve continued raising – home prices in Canada have started climbing again, and are up a cumulative 17% so far this year on one measure.