With fewer homes on the market, prices soared almost 20% from last year
Larger gifts are contributing to higher prices and wealth inequality, CIBC says
Supply chain, labour market constraints hurt homebuilding
Fifteen of the 26 markets CREA tracks saw a rise in sales in September
Toronto, Ottawa and Montreal are among the markets shouldering the most risks
Sales of new homes last month rose 1.5%, following an increase in July as well
Tight supply is driving the increase in housing costs
New listings for the month totalled 4,487
There was a 19.9% drop in the number of Toronto homes sold compared with the same time a year ago
Prices continue to rise in both cities as demand outstrips supply