Canadian Home Sales Dip in December

17 Jan 2025 CW Team

Canadian home sales took a pause in December, dropping 5.8% from November, but the fourth quarter still marked a 10% increase over the third quarter, according to data released by the Canadian Real Estate Association (CREA).

The fourth-quarter performance ranked among the strongest in the past two decades, excluding the pandemic period. "The number of homes sold across Canada declined in December compared to a stronger October and November, although that was likely more of a supply story than a demand story," said Shaun Cathcart, CREA's senior economist.

Sales in December were up 19.2% compared to the same month in 2023. The home price index showed a slight monthly increase of 0.3% but dipped 0.2% year-over-year.

The Bank of Canada’s recent interest rate cuts—1.75 percentage points since June—have bolstered the housing market, bringing rates down to 3.25%. CREA anticipates a demand surge in spring 2025 as sellers return to the market.

"Our forecast continues to be for a significant unleashing of demand in the spring of 2025, with the expected bottom for interest rates coinciding with sellers listing properties for sale in big numbers once the snow melts," Cathcart noted.

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

ICCPL Eyes 7,000 Real Estate Campaigns

ICCPL Group has announced plans to cross 7,000 real estate marketing campaigns by FY 2026–27, strengthening its position as a specialised PR and communications partner for the sector.Over the past 15 years, the Noida-headquartered firm has worked with more than 500 real estate companies across India. It has also been associated with over 2,500 project launches across residential, commercial, retail, mixed-use and allied segments.The company has offices in Delhi, Gurugram, Bengaluru, Mumbai, Chandigarh and Goa, along with backend operations across more than 42 cities in India and a presence i..

Johnson Controls Heat Pumps Cut Heating Costs

Johnson Controls has reported that its commercial and industrial heat pump portfolio helped global customers reduce annual heating costs by an estimated 32 per cent in 2025, compared to conventional gas boilers. The company also said customers cut greenhouse gas emissions by 55 per cent, equal to 1.6 million metric tonnes.The heat pumps are being used across healthcare, manufacturing, municipal and district energy projects, where reliable heating, cooling and energy savings are critical. At New Aalborg Hospital in Denmark, Johnson Controls’ district cooling system helped cut electricity cost..