CREA has downgraded its 2026 home sales forecast for the third straight quarter, now expecting 444,530 sales this year, down 5.2% from 2025, compared with a July forecast of a 1.4% decline. The national average home price is projected to rise 0.2% to $681,681, about $5,000 lower than predicted in the summer. In September, national home sales fell 7.7% year over year and 2.3% from August, the national average sale price dropped 1.6% to $666,538, and CREA's home price index declined 3.4% year over year. Senior economist Shaun Cathcart said many markets stepped back after four months of modest progress, following a jump in fixed mortgage rates and widespread expectations of a Bank of Canada rate hike before year-end.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on winnipegfreepress.com ↗
Related news
- CREA downgrades home sales forecast for the third time this year
- The Latest : AP - NORC poll : Strong majority of voters believes Trump is failing at home and abroad – Winnipeg Free Press
A new AP-NORC poll finds a strong majority of voters believe President Donald Trump is falling short at home and abroad, and want major change in the Nov. 3 midterm elections. House Democrats are preparing a 100-day agenda focused on affordability and oversight if they regain majority control. The article also notes questions about new White House press secretary Katie Zacharia, who has not offered evidence that she passed a bar exam, and Democrats are fielding military veterans in districts in Colorado, Florida, South Carolina and Virginia. Ground beef prices are up 22 percent since Trump returned to office, making beef a campaign issue. In Albania, student-led protests against the government and a Kushner-linked development project turned violent, leaving 89 people injured, including 61 police officers.
- CREA revises down 2026 home sales forecast again as September transactions fall 7 . 7 % over same month last year
- ASML Raises Sales Forecast For A Third Time, But Q3 Revenue Miss Sends Stock Lower: Earnings Selloff Spreads To MU, SNDK, INTC
ASML raised its annual revenue forecast for a third time this year, but third-quarter sales missed Wall Street expectations and its shares fell 3% in overnight trading. Net revenue rose 55% to 11.66 billion euros ($13.07 billion), just below the $13.12 billion analyst estimate from Koyfin, while net profit reached 4.96 billion euros and earnings per share beat expectations. The company now expects annual sales of 44 billion to 45 billion euros, raised from prior guidance of 43 billion to 45 billion euros, with gross margin of roughly 56%. CEO Christophe Fouquet said customers keep raising demand forecasts on AI-related investment, some are already interested in placing orders for 2029 and 2030, and ASML is exploring ways to lift 2028 capacity beyond the previously communicated 30% expansion.
- Statistics Canada set to release September inflation figures – Winnipeg Free Press
Statistics Canada is set to release September inflation data. A Reuters poll of economists expects inflation to rise to 3.2% in September, up from 3% in August. Economists say persistently high energy prices are the main driver and will watch for cost pressures spreading beyond gasoline. The report is the Bank of Canada's last look at price data before its October 28 rate decision; the central bank says it will look through initial effects from the Middle East war but is ready to hike if inflation spreads, and it will also release quarterly surveys on whether firms plan to pass supply chain costs to customers.
- Asian shares are mixed with tech stocks volatile , and oil falls on Trump Russian sanctions waiver – Winnipeg Free Press
Asian shares were mixed on Monday as volatility in technology stocks persisted, while U.S. equity futures edged higher. Oil fell more than 1% after President Donald Trump waived sweeping sanctions on Russia, including on Russian energy, with Brent down 1.8% to $107.86 per barrel. South Korea's Kospi rose 1.1% to 5,729.58 but is down more than 18% over the past month, while Japan's Nikkei 225 lost 0.8% to 64,799.03. Indonesia's stock index fell another 5% to its lowest since 2020, after plunging over 11% on Friday following an MSCI warning about a possible downgrade. Tech shares have been sold off recently over concerns about the sustainability of the AI boom, and on Friday the S&P 500 fell 1.1% and the Nasdaq sank 2.1%.
Related markets
Latest news
- Saudi Arabia postpones big investor conference to 2027 as Iran-backed Houthis escalate attacks on kingdom
Saudi Arabia has postponed its major annual investor conference until 2027 as Iran-backed Houthi militants escalate missile and drone attacks on the kingdom. The Future Investment Initiative had been scheduled for Riyadh from October 26 to 29. The decision follows a Houthi attack on King Khalid International Airport in Riyadh on October 10, which left at least 12 people dead and more than 300 injured. Organizers said in an email that new dates will be announced soon.
- Russia fires mysterious weapon at Kyiv, shockwaves spread; President Putin appears in rare image, drawing global attention
On the night of 18 Oct, Russia launched a coordinated strike on multiple Ukrainian targets using ballistic missiles, cruise missiles and Geran UAVs, focused on Kyiv. According to TST, around 10 ballistic missiles of the Iskander-M, S-400 or KN-23 types may have been used in the first wave; an above-ground metro station on Kyiv's left bank was reported damaged, disrupting rail and metro services, and videos of blue flashes led observers to suspect a new weapon. In western Ukraine, a 330 kV transformer station near Kovel may have been targeted. Meanwhile, Putin, who rarely appears in military uniform, visited a command post and stressed establishing a “security zone” along the border; blogger Yuri Podolyaka argued Moscow no longer treats these areas as bargaining chips. Front-line correspondent Alexander Kots said the part of Donetsk still controlled by Ukraine is just over 2,700 km².
- Semiconductor Sell-Off: 5 Stocks to Buy on the Dip
The article attributes the semiconductor selloff to investor doubts about the durability of AI infrastructure spending, even as cloud companies report strong demand for AI chips. It highlights five stocks: Nvidia (forward P/E just above 13.5 on fiscal 2028 estimates), Broadcom (custom AI chips, with that revenue expected to quadruple to $230 billion over two years; forward P/E of 11), AMD (riding inference and agentic AI demand), Cerebras Systems (high risk-reward; the company claims 30 times the inference speed of GPUs) and TSMC (forward P/E of 18 on 2027 estimates).
- Tom Lee’s Bitmine Adds $30 Million in Ethereum as Buying Nears Its Finish Line
Bitmine bought another 12,535 ETH (about $30 million), lifting its holdings to 6,041,481 ETH, or 4.9% of supply and 99% of its 5% target. Chairman Tom Lee blamed the crypto selloff on a broad risk-off shift, including AI funding and safety worries, U.S.-Iran tensions, midterm jitters and rising bond yields, and called the dip a historically attractive risk-reward entry. Total holdings reached $15.1 billion as of Oct. 18, including 215 Bitcoin, $582 million in cash and marketable securities, and other investments. About 84% of its ETH (5,067,309 tokens) is staked via its MAVAN platform, with projected annualized revenue of roughly $309 million. The position is currently underwater on paper because much of it was bought at higher prices.
- Opinion: The Most Important Number in Taiwan Semiconductor's Earnings Report Was 68%
The author argues the most important figure in TSMC's Q3 report is 68%, the share of revenue from high-performance computing (HPC), which grew 22% from the prior quarter. Revenue reached $46.72 billion, up 41.2% year over year, net income rose 68.7%, and gross margin hit 66.4%. Processes at 7nm and below made up 79% of wafer revenue, with 3nm at 33% and 2nm at 8%. TSMC guided Q4 revenue to $52.3–54.3 billion and expects roughly 44% full-year growth in U.S. dollars. The author remains bullish, saying ongoing demand for advanced AI chips should keep profits rising.
- Why Meta's Q3 earnings could be a little hard to interpret
Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.