Residential property sales were little changed in June 2019 from the previous month, up just 0.2%, while the number of newly listed home rose by 0.8%, the latest agency figures show.
Prime property prices in key cities around the word are continuing to moderate with the latest data showing they increased by 1.3% year on year, down from growth of 4.3% two years ago.
The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices fell 0.4 percent last month from January.
Property sales on a national level increased in Canada in January 2019 month on month but they remained below levels recorded one year ago, the latest index shows.
On the banks of the St. Lawrence River, the bucolic Charlevoix district is steadily rebounding after a stagnant period, but remains a buyer’s market.
Residential property sales in Canada fell for a fourth month in a row in December while prices fell by almost 5%, the latest agent index shows.
Asia is finally succumbing to the global property slowdown that’s jolted homeowners and investors from Vancouver to London, with markets in Singapore, Hong Kong and Australia showing fresh signs of softening.
Rising interest rates are limiting access to mortgage financing and negatively impacting home buyer sentiment in Canada going into 2019, according to the latest forecast from estate agents.
Sales in the residential property market in Canada have continued to fall, down by 2.3% month on month in November and now 12.6% lower than a year ago.
CMHC, responsible for insuring the bulk of Canadian mortgages issued by banks and other big lenders, uses annual stress tests to gauge its resilience to extreme scenarios. It began publishing the results in 2015
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