The pace of starts for multiple-unit housing projects rose, however
The rating agency revised its housing forecasts on stronger demand factors
The frenzied pace of sales is starting to ease across the country
Sales in Montreal were down 14% from May, while sales in Quebec City were down almost 18%
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