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There were fewer multiple unit projects after strong numbers in June

tractive happy senior chinese couple sitting on the front steps of their house.

Although about half of baby boomers plan to downsize, 56% said they consider the neighbourhoods they currently live in to be unaffordable

female homebuyer shakes hand with real estate agent in office

Residential home sales were up by 18.6% in the GTA while the average selling price rose by 4.8% in July

businesswoman protects a house from the elements rain storm sun

Housing sales mark the first substantiative month-over-month increase this year

row of houses on spring street in toronto

The Greater Toronto Area saw affordability improve slightly as a dip in home prices counteracted higher interest rates

Fewer condos, townhomes and other multi-unit projects started up in some urban areas last month

The pace of starts in urban areas fell 4.7% in April to 198,090

Montreal downtown skyscrapers in winter

National average price down 10.4%: CREA

The seasonally adjusted annual rate increased to 229,737 units whereas economists had been expecting 216,600

Male hand with pen on the investment chart with calculator and canadian dollars

Toronto and Vancouver increasingly vulnerable to a correction

  • January 24, 2018 January 24, 2018
  • 14:20