Despite the slowdown, TREBB has upgraded its annual forecast
Home sales were down 11.9% from the previous quarter
The agency is increasing the gross and total debt service ratios for borrowers
The average price in June was $494,111, down from $510,978 in May
According to a poll from Manulife Bank, 75% of adults in Canada say they can’t afford a home
Sales are expected to reach typical levels through the latter half of 2021 and into 2022
Some young clients fear missing out, while older ones may be sitting on unexpected gold mines
Ottawa is missing in action on the red-hot housing market
Home prices continue to rise, however, despite the dip in sales
The prime minister says young people are facing “a housing crisis”