The governor of the Bank of Canada suggests it won’t be long before the country’s housing market has bounced back and starts growing once again.
Canada’s home prices increased 4% year-over-year in the fourth quarter of 2018, a sign of the market recovering from “the most significant housing correction” since the financial crisis.
“When sales-to-new listings ratios per neighbourhood fluctuate, it hits some neighbourhoods first,” explained John van Oosterhout, director of partnerships at Value Connect. “Higher-end neighbourhoods are usually affected first, as are neighbourhoods with a high number of investment properties.”
Canada’s latest GDP numbers will be released later this week and, to no one’s surprise, the country’s housing market will likely have an impact on
After reaching a record level of activity in the spring of 2017, the Canadian housing market has cooled considerably over the past few quarters. But
Statistics released today by The Canadian Real Estate Association (CREA) show national home sales were up from June to July 2018. Highlights: National home sales