The national average home price rose 1.8% year-over-year to $656,625
9.9% year-over-year increase is sixth consecutive monthly record high
Still, the average home price rose 3.5% year over year
Real estate industry is likely breathing a sigh of relief that Canada's banking regulator may not move ahead with lending tightening
Canadian Real Estate Association expects a nearly 10% drop in the number of residential properties to trade hands compared with 2022
The decrease reflects a sluggish third quarter
TD Economics expects declines in sales and prices into 2024 across most regions
Companies have now spent years ensuring employees can complete their duties both in-office and remotely
Prices were highest in Vancouver, Burnaby
The FCAC said it would monitor financial institutions' level of compliance with the new expectations