Association cuts 2025 sales forecast as March activity drops 9.3% year-over-year
Canadian small and medium businesses derive an average of 31.1% of their revenue from U.S. sales
Affordability concerns, economic uncertainty holding buyers back
Of 1.2 million mortgages up for renewal in 2025, about 85% were secured at historically low pandemic rates
CMHC reported 239,739 starts in January, up from 232,492 in December
Agency expects lower borrowing costs, changes to mortgage rules to boost demand this year
The Big Six banks have decreased their prime rates to 5.2%
Canada's central bank has lowered its overnight rate five consecutive times
Trudeau has said 'everything is on the table' if Trump imposes tariffs on Canada
The average selling price declined 1.6% on an annual basis
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