Canadian home sales forecast for 2026 downgraded again by CREA - The Globe and Mail

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. The Canadian Real Estate Association has downgraded its forecast for home sales activity in 2026 for the third straight quarter. CREA now expects a total of 444,530 homes to be sold by the end of this year, representing a 5.2 per cent decrease from 2025. That’s down from its July forecast of a 1.4 per cent year-over-year decline, which marked a reversal from its April forecast of a one per cent gain. The association had predicted 5.1 per cent growth year-over-year in January. CREA also projects the national average home price to tick 0.2 per cent higher on an annual basis to $681,681 this year, which is around $5,000 lower than predicted in the summer. Most recent real estate news from BNNBloomberg.caThe association said its revised forecast comes amid a “roller-coaster year,” with the global energy crisis fuelling inflation risks and affecting borrowing costs.

Sphere Entertainment (NYSE:SPHR - Get Free Report) was downgraded by equities research analysts at Craig Hallum from a "buy" rating to a "hold" rating in a report issued on Monday, Marketbeat.com reports. They currently have a $132.00 price objective on the stock. Craig Hallum's price target indicates a potential upside of 2.91% from the company's current price. Cheap Thrills: Why These 3 Entertainment Stocks Are SoaringOther research analysts have also issued research reports about the stock. Piper Sandler began coverage on shares of Sphere Entertainment in a report on Thursday, August 20th. They issued an "overweight" rating and a $185.00 price objective for the company. Susquehanna increased their price target on Sphere Entertainment from $159.00 to $182.00 and gave the stock a "positive" rating in a report on Thursday, June 18th. Citigroup reissued a "market outperform" rating on shares of Sphere Entertainment in a research note on Tuesday, September 1st. Citizens Jmp upped their target price on Sphere Entertainment from $175.00 to $200.00 and gave the company a "market outperform" rating in a research report on Wednesday, June 17th.

A group of Nova Scotians gathered on the waterfront in Halifax on Saturday with a message for Premier Tim Houston: allowing the construction of a large data centre will be detrimental to the environment and the community. “These companies don’t have a lot of information that they’re able to give us, we don’t know what this is gonna look like, we already have wells that are drying up in the summertime. I don’t think we can afford to do this,” Megan Boudreau, one of the protest organizers, told Global News. Energy and infrastructure company, EverWind, announced on Friday $10 billion in private investment in a data centre campus at its existing Point Tupper site. The site would be leased and run by AI development company Anthropic, the creator of the AI assistant Claude. “Canadians are using Claude in growing numbers, and we want our infrastructure to be closer to the people who rely on it,” said Jacob Glick, head of Canada Public Policy with Anthropic. Story continues below advertisement