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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 30 areas.
There are just three CMAs in the up-up quadrant this month—one fewer than the previous month.
Expectations for the long-term are positive in only 25 per cent of the CMAs covered here. In nearly 36 per cent (10 of 28), expectations are negative for both the short and long terms.
The CMAs with the biggest year-over-year percentage decrease in housing starts in February were Oshawa, London, Hamilton, Regina, and Montréal.
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