Extreme cold and severe snow storms bite into construction
There have been concerns that there are too many condominium buildings going up in the Greater Toronto Area (GTA), which potentially could lead to a collapse in condo prices. This risk seemed to be confirmed by a 699-unit increase in vacant condo units to 1,644 units in the GTA in January, the highest level of […]
Expected slowing in energy dependent regions failed to materialize
Energy-producing regions face risk of price downturns
Rating agency says Canadian house prices overvalued
2014 sales better than expected, CREA says
Housing market could be overvalued by as much as 30%, central bank says
The risk of overvaluation is most evident in Montreal and Quebec City
“Some moderation” expected in 2016
Annual pace of 197,343 starts surpasses economists’ expectations