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Metropolitan Resale Snapshot: April 2019 The Conference Board of Canada, May 24, 2019 Website by Robin Wiebe

Metropolitan Resale Snapshot: April 2019

The Conference Board of Canada, May 24, 2019
Website by Robin Wiebe

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The monthly Metropolitan Resale Snapshot provides an overview of the existing home market and expectations for existing home price growth over the short term for 29 areas. Document Highlights Sales were mixed again last month in Canada’s four largest cities. Vancouver’s market was in full correction mode, with sales off sharply. Montréal sales were down again, indicating the market may have peaked. Calgary sales stabilized, potentially signalling a market trough. Sales rose in Toronto, hinting at a firming market after the federal government imposed a tougher mortgage stress test.

The monthly Metropolitan Resale Snapshot provides an overview of the existing home market and expectations for existing home price growth over the short term for 29 areas.

Document Highlights

Sales were mixed again last month in Canada’s four largest cities. Vancouver’s market was in full correction mode, with sales off sharply. Montréal sales were down again, indicating the market may have peaked. Calgary sales stabilized, potentially signalling a market trough. Sales rose in Toronto, hinting at a firming market after the federal government imposed a tougher mortgage stress test.