Rising mortgage rates will be the next challenge
Housing starts dip slightly in June
Average monthly growth rates of MLS sales, new listings and prices have all been increasing
Canadian Real Estate Association forecasts smaller decline than what was predicted in March
Calgary housing market saw the strongest price increase in the country
CAAMP forecasts the number of housing starts to decline by 150,000 units nationally by late next year
Finance minister calls correction a ‘healthy’ development
Rating agency expects to see “extended price declines”
Stable prices a further sign of soft landing
Rating agency seeks comments on proposed approach to analyzing the credit risk of Canadian non-insured mortgage pools