Total owed is up 3.4% year over year, representing slowest growth in 23 years
Tougher capital rules may lead to sharply lower lending
Wages, housing costs stoking price pressures in services
Median price of previously occupied homes rose 5.7% to $407,600 — the tenth straight increase and a record for April
The seasonally adjusted annual rate of housing starts in Canada came in at 240,229 units for April, a drop of 1% from March
The average asking rent for a one-bedroom unit in Canada was $1,915
Inventory in April reached levels not seen since pandemic
Calgary Real Estate Board says 2,881 units sold last month, with a benchmark price across all home types of $603,700
Plans are being delayed to 2025 and beyond, the survey says
Inflation, higher interest rates add to the financial challenges