OTTAWA — Resales of Canadian homes dropped 14.5 per cent in January from December to the lowest monthly level in three years as tighter mortgage rules doused demand, the Canadian Real Estate Association said on Thursday. 321 more words
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Home sales nationwide dropped by 14.5 per cent in January compared to December, the Canadian Real Estate Association (CREA) said on Thursday.
The seasonally adjusted average price of residential property slipped 2.4 per cent over the period, from $513,519 in December to $501,040 in January. 171 more words
OTTAWA — Resales of Canadian homes rose 4.5 per cent in December from November, the fifth straight monthly rise, likely because activity was pulled forward to avoid mortgage rule changes that hit in January, the Canadian Real Estate Association said on Monday. 253 more words
TORONTO — The Canadian Real Estate Association said Thursday its lower home sales forecast will cost the economy $1 billion next year — as the impact of tighter mortgage regulations that come into effect New Year’s Day take a toll on the sector. 609 more words