home sales

BEIJING—A monthly measure of new home prices in China fell for the first time in more than six years, offering further evidence of the pain that Beijing’s regulatory campaign is inflicting on a sector that has long served as an economic growth engine.Average new-home prices in 70 major cities edged 0.11% lower in April from a year earlier, according to Wall Street Journal calculations based on data released Wednesday by China’s National Bureau of Statistics. The decline, though slight, marks the first such decrease since…

OTTAWA—Canada’s 12-year real-estate boom appears to be coming to an end following the Bank of Canada’s recent rate increases, which have triggered a sharp decline in residential sales and a slowdown in home-price gains.The slack in one of the Canadian economy’s main engines of growth illustrates the trade-offs faced in countries where central bankers are racing to douse red-hot inflation by raising interest rates. In Canada, the impact on housing carries extra weight, given the outsize role the sector has played in…