The Abramov Report

Real Estate Market Memo

The Last 30 Days


  • Bank of Canada holds interest rate at 2.75%

    30-JUL-25 Bank of Canada

    With still high uncertainty, the Canadian economy showing some resilience, and ongoing pressures on underlying inflation, Governing Council decided to hold the policy interest rate unchanged.



  • Canadian Home Sales Up Again in June, National Prices Holding Steady

    15-JUL-25 CREA

    The number of home sales recorded over Canadian MLS® Systems rose 2.8% on a month-over-month basis in June 2025, building on the 3.5% gain recorded in May.



  • Consumer Price Index rose 1.9%, June 2025

    15-JUL-25 Statistics Canada

    Base-year effect on gasoline prices puts upward pressure on Consumer Price Index. Durable goods prices rise at a faster pace year over year. Clothing and footwear prices accelerate in June. Grocery prices increase at a slower pace



  • Unemployment rate fell 0.1 % in June 2025

    11-JUL-25 Statistics Canada

    Employment increases for the first time since January. More core-aged men and women employed. Unemployment rate ticks down to 6.9%



  • Building permits rise 12% in May 2025

    11-JUL-25 Statistics Canada

    Ontario's institutional component drives non-residential construction intentions. British Columbia's multi-family permits lead the residential sector