Sales, prices lower in latest stats
Industry concerned over effect of tariffs on building costs
Fewer home sales in Vancouver were not replicated across the province in August with sales rising 1.5 per cent from August 2015. The British Columbia Real Estate Association’s data shows that there were 8,945 sales in August
There could be a correction on the way for Vancouver with a price drop of up to 10 per cent
The rise in Canadian home prices is only surpassed by two other countries according to analysis from Knight Frank.
Home sales in the southwest Ontario market of Grey Bruce Owen Sound hit a new high in August with real estate agents selling 358 units, up 36.6 per cent year-over-year
The rise in Canadian home prices is only surpassed by two other countries according to analysis from Knight Frank
The Canada Revenue Agency must be diligent in cracking down on real estate tax cheats, the BC finance minister says.
Homebuyers in Ontario are willing to stretch their budgets to bag their dream home according to a poll by the Real Estate Council of Ontario
Economists are not expecting the Bank of Canada to increase interest rates for some time, probably late 2017 or early 2018; however, for shorter-term mortgages there could be a rise much sooner
Housing starts were lower in August with CMHC’s 6-month trend measure showing 195,640 units compared to 201,379 in July. However, the agency says that the overall supply remains higher in many areas
The latest data on home building intentions show disparity between the two most common housing types with fewer single-family homes planned while multi-family units increased
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