Canada Mortgage and Housing Corp. points to drop in urban multiple-unit projects
The average price was up 12% compared with the same period a year earlier
The lower threshold reflects declining home prices
A new report from Scotiabank says a hotter housing market has led to faster growth in mortgage borrowing
The uptick gives the housing market momentum moving into the new year
The positive outlook for Canadian real estate is based on healthy buyer demand
B.C. and Alberta led the growth, while five other provinces saw the pace of starts fall
Lower mortgage rates and rising incomes contributed to improved affordability
Prices were up in Toronto but continued to decline in Vancouver
Ontario and British Columbia are expected to lead in sales growth as disposable income grows