Metropolitan Resale Snapshot: February 2017

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Metropolitan Resale Snapshot: February 2017

Canadian Economic Analysis Industry Economic Analysis Urban City Economic Analysis

Author: Robin Wiebe

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Although sales were crimped nationally by tighter mortgage rules that came into effect in November, they face varying regional influences. Demand remains strong in Southern Ontario, while sales in Vancouver continue to cool, at least partly due to the foreign buyer’s tax. Alberta markets are levelling off. Montréal sales have eased, but remain decent.

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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 28 areas.

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