Home sales dip in October as market cools

OTTAWA - Canadian home resales dipped last month for the first time since February in what many see as a signal that a so-called correction in the housing market remains in place. The Canadian Real Estate Association reported Friday that the number of transactions fell 3.2 per cent in October from September on a seasonally [...]

By |2017-01-04T01:02:19+00:00November 25th, 2013|Economy|0 Comments

Housing market calming, Condo Report

Bank of Montreal economics published a Special Report last week on the Canadian housing market which seems to provide ample evidence that markets really are in the process of achieving the much sought  after “soft landing” after federal policy makers took steps to cool the market last summer. The bank also predicts that the soft [...]

By |2017-01-04T01:02:26+00:00June 3rd, 2013|Economy|0 Comments

Vancouver brokers face further ‘slowdown’

07/08/2011 Vancouver brokers faced a slowing market in July, a deficit stagnant home values were unable to compensate for, according to the latest sales numbers. While the benchmark price for a typical detached house fell a modest 0.1 per cent to reach $630,251, sales were down 21.2 per cent in July compared to June, according [...]

By |2011-08-08T15:03:12+00:00August 8th, 2011|Economy|0 Comments