The pace of starts in urban areas fell 4.7% in April to 198,090
National average price down 10.4%: CREA
The seasonally adjusted annual rate increased to 229,737 units whereas economists had been expecting 216,600
Toronto and Vancouver increasingly vulnerable to a correction
Interest rate hike, new mortgage rules may trigger real estate market slowdown
The median price of a condo grew faster than any other housing type studied, Royal LePage says
The decline came as the annual pace of urban starts fell 15.1% during the month
Average selling price up 12%
Foreign buyers accounted for 1.9% of sales in the three months ended Nov. 17, down from 3.2% the previous three months
Lower sales forecast will cost economy $1 billion in lost economic activity, association says