Gifts to support home purchases rising alongside home prices, CIBC says
Despite initial cut, monetary policy remains restrictive, and economy faces other headwinds
Temporary residents drive growth, but StatsCan sees signs of slowing
Trend could reverse given lower interest rates
Rate cuts remain data dependent as growth cools, recession avoided
More buyers are expected to enter the market as borrowing costs begin to decrease
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