Canada: Home sales remained flat in November – NBC

Home sales in Canada have remained broadly unchanged in November. The stagnation in sales was primarily due to weakness across most provinces being offset by gains in the West. Notably, Alberta and British Columbia contributed to this stabilization, balancing out declines in other regions. This dynamic reflects the influence of broader economic factors, including the unemployment rate and the Bank of Canada's monetary policies. Rising interest rates tend to suppress purchasing power, making it crucial to monitor how future interest rate movements may impact home sales. Specifically, the increase in sales in the West is a noteworthy factor for potential investors looking ahead.