The Canadian Real Estate Association published sales data for March last week. Activity remains below levels seen last year but prices are holding well in most markets.
BMO Capital Markets officially declared Canadian home prices to be "boring" while TD Economics predicted that the slow start to the year and current trending will "mean a lacklustre 2013 for the record books".
The Bank of Canada is about to change Governors but it did not change its key overnight rate last week and any increase now looks to have been put off until at least the second half of 2014. The Bank, in its press release and Monetary Policy Report, is forecasting a strengthening Canadian economy in the second half of 2013 and continued strength through 2014 and 2015.
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