Prices keep dropping as inventories climb
Massive over-supply of unsold homes will keep downward pressure on both prices and construction
Existing home sale expected to fall by 11.9% in 2008
Prices show more signs of slowing
The moves are designed to protect the market from a U.S.-style housing bubble and to encourage Canadians to save through home ownership
Average price to rise by 3.5%
The seasonally adjusted annual rate of housing starts was 217,800 units in June, down from 227,700 units in May, according to Canada Mortgage and Housing Corp. (CMHC).“Despite the decrease in June, total housing starts remain at high levels.” says Bob Dugan, chief economist at CMHC’s Market Analysis Centre. “This is mostly due to the multiple […]
Prices up 5.2% in April
Single starts rebound
StatsCan data “a warning sign on sustainability”