The Canadian Real Estate Association says home sales climbed 2.2 per in December compared with November as they recovered from a dip following the introduction of new mortgage rules
Two markets, two diverging paths
Vancouver political party in hot water over real estate donation... Home prices up 6% in CREA report... Canadian-based Manulife invest in U.S. commercial real estate... StatCan: Household debt to disposable income figure a record...
CREA revised its sales forecast for the end of the year and 2015, mainly on continued strength in British Columbia and Ontario.
Foreign buyers are increasingly leaving the high prices of Vancouver behind in favour of buyer-friendly markets in Atlantic Canada.
Canada’s finance minister is in talks with provincial finance heads to discuss the country’s overvalued housing market.
Baby boomers aren’t moving out of their homes in droves after all, which might mean a dangerous shortage of listings if developers don’t ramp up building.
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