Some borrowers are extending their amortization periods to lower their monthly payments
As vacancies rose, landlords lowered rents on new leases to stay competitive
Slower housing starts have been expected this year as borrowing conditions and labour shortages affect the pace of building
The first-time home buyers' tax credit is unaffected
Home prices could increase by 14% by the end of the year, said the federal agency
Prices, sales and housing starts have all soared in major markets despite the pandemic
Vacancy rate hit a 14-year high in the Greater Toronto Area
Economic shock of pandemic not yet fully reflected in housing market data
Average house prices forecasted to fall between 9% and 18% over the next year
There could still be challenges related to uneven demand