Ottawa Real Estate News
Ottawa
New Tariffs on Canada, Mexico to Impact U.S. Homebuilder Input Costs
This week the U.S. imposed 25% tariffs on its North American partners after a 30-day delay, citing insufficient action against drug cartels. Canada and Mexico immediately announced retaliatory tariffs.
Canadian Home Sales Surge in October, Reaching a Two-Year High
Based on new data from the Canadian Real Estate Association (CREA) shows a 7.7% month-over-month increase in home sales activity through Canadian MLS Systems in October 2024, marking the highest level since April 2022.
Canada Home Sales Dip 11 Percent Annually in 2023
Based on new data from the Canadian Real Estate Association, home sales activity rose 8.7% between November and December 2023, putting it on par with some of last year's relatively stronger months recorded over the spring and summer.
North American Multifamily Market Begins to Stabilize in Q1
Based on CBRE's latest research, the U.S. multifamily sector is beginning to stabilize as vacancy rate expansion and negative absorption ease -- trends that are expected to continue in 2023.
