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When the Canadian of Federal Government announced the new “Mortgage Stress Test” in October 2017 , it was expected that many homebuyers would expedite their purchases during the two-and-a-half-month window before it took effect on January 1, 2018. The response to the new policy was stronger than…
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While Canadian home sales were up 4.1% from May to June 2018, sales are still down from monthly levels over the past five years. According to statistics released by The Canadian Real Estate Association (CREA), new home listings were also down in June.
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The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity in 2018 and extended the outlook to 2019.
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Canadian home sales increased for the fifth consecutive months since August, and continue to climb. Sales in December were likely boosted by a pull-forward of demand as new mortage regulations came into effect on January 1. According to statistics released by The Canadian Real Estate Association…

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