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.
Document Highlights
Canada’s existing housing sales edged up 0.6 per cent in November, consolidating October’s gains. November’s transactions again trailed only 2020 volumes for that month. Resale markets are clearly red-hot, despite last month’s modest sales increase. Decent employment growth and low interest rates are fuelling strong housing demand. A slightly faster 3.3 per cent gain in national listings only slightly lowered markets’ temperature.
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