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 remains in full correction mode, with sales continuing to drop. Montréal sales are plateauing, and this market looks to have peaked. Calgary sales eased again, but this market may have troughed. Sales rose once more in Toronto, suggesting the effects of the federal stress test have been overwhelmed by the area’s decent economy.
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