As Hurricane Milton makes landfall, more than 1.6 million customers are left without power in Florida
The Category 2 storm has left 1.6 million homes and businesses without power in Florida as Milton pummels through the state.
A new report says before rebounding later in the year and then, slowing to a more modest growth pace in 2024.
The report from Rishi Sondhi, an economist with TD Economics says subdued sales and declining prices will result in listings falling in the first quarter of 2023.
Sondhi then sees listings increasing by seven per cent between the second and fourth quarter before slowing to a growth pace of about two per cent in 2024.
While he predicts some near-term weakness, he also sees rising demand keeping markets balanced and underpinning positive growth in home prices, particularly in the second half of this year.
However, he says there is some risk that supply grows more forcefully than anticipated as homeowners face record high debt servicing costs.
The Canadian Real Estate Association foresees home sales rising by 10.2 per cent in 2024 as markets continue to return to normal, while it expects the national average home price to gain 3.5 per cent from 2023 to 2024 to around $685,056, below 2022 but back on par with 2021.
This report by The Canadian Press was first published Feb. 9, 2023
The Category 2 storm has left 1.6 million homes and businesses without power in Florida as Milton pummels through the state.
A West Vancouver company has been ordered to repay a homebuyer's $1-million deposit after it failed to complete construction on the property in time.
During the campaign, BC Conservative Leader John Rustad has repeatedly said people are "dying on the streets" in the province – and on Tuesday he claimed to have witnessed that very thing in downtown Vancouver while he was on his way to the leaders' debate.
Sheriff's deputies in Washington's Kitsap County frequently get calls about animals -- loose livestock, problem dogs. But the 911 call they received recently from a woman being hounded by dozens of raccoons swarming her home near Poulsbo stood out.
Dozens of cars were pulled out of the Detroit River in west Windsor on Tuesday, causing many questions for Windsorites.
President Joe Biden warned on Wednesday that Hurricane Milton carried incredible destructiveness and urged people to take safe shelter while condemning misinformation about the storm as un-American.
Hundreds of thousands of vehicles are being recalled in Canada due to a steering-related issue that could increase a driver's risk of crash.
The leader of the Bloc Quebecois says his party 'might play a role' in helping the Liberals get House of Commons business rolling again — after days of Conservative-led debate on a privilege matter — but that his assistance would come at a cost.
A Turkish Airlines jetliner headed from Seattle to Istanbul made an emergency landing in New York on Wednesday after the captain died on board, an airline official said.
Jeff Warner from Aidie Creek Gardens in the northern Ontario community of Englehart has a passion for growing big pumpkins and his effort is paying off in more ways than one.
Saskatchewan’s Jessica Campbell has made hockey history, becoming the first ever female assistant coach in the National Hockey League (NHL).
Have you ever seen videos of hovercrafts online or on TV and thought, 'Wow, I wish I could ride one of those.' One Alberta man did, and then built his own.
A B.C. couple is getting desperate – and creative – in their search for their missing dog.
Videos of a meteor streaking across the skies of southern Ontario have surfaced and small bits of the outer space rock may have made it to land, one astronomy professor says.
A unique form of clouds made an appearance over the skies of Ottawa on Sunday evening.
Bernie Hicks, known as the ‘Batman of Amherst,’ always wanted to sit in a Batmobile until a kind stranger made it happen.
Bubi’s Awesome Eats, located on University Ave West took to social media to announce the closure on Friday.
Weeneebayko Area Health Authority and the Government of Ontario have awarded a $1.8 billion fixed-price contract to design, build and finance a new Far North hospital.