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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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Canadian home sales, while up from November to December, were still down year over year, and it remains to be seen how tightened mortgage regulations, and other indicators, such as lower housing inventory, will impact the market as 2017 progresses. Relocating employees may run into a limited supply…

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