Prospective buyers in Vancouver, Toronto and Calgary had even higher budgets for their first home
Mortgage credit growth has slowed, which points to a steady cooling in housing demand
CREA reports fifth consecutive month-over-month decline
Prices expected to edge lower in 2015-16
Prices expected or remain flat or decline modestly in 2014
Housing starts, building permits cool
Nominal home prices in Canada should fall by no more than 10% over the next five years
Buyers with pre-approved financing at lower rates have jumped into the market
Scotiabank report raises concerns about an oversupply of condominiums in major cities
Immigrants drive demand for housing and durable consumer goods