0905 ET - The value of Canadian household real estate took back a little lost ground in the last quarter. Statistics Canada data shows the value of residential real estate rose 0.6% to C$8.35 trillion in 4Q, after declining 1.1% over the middle two quarters of the year following an increase in 1Q. The average resale price in 4Q was just above C$700,000, almost C$30,000 higher than in 3Q. That rise coincided with a pickup in sales activity, as the number of resales increased 9.5% on-quarter. Over the year, the value of resales was up 8.5% from 2023, largely thanks to greater sales volumes. Still, real estate as a percentage of household disposable income continued a downward trend, falling under 500% for the first time since the end of 2020. (robb.stewart@wsj.com; @RobbMStewart)
(END) Dow Jones Newswires
March 13, 2025 09:05 ET (13:05 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.