Metropolitan Resale Snapshot: October 2016

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Metropolitan Resale Snapshot: October 2016

Canadian Economic Analysis Industry Economic Analysis Urban City Economic Analysis

Author: Robin Wiebe

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Tighter mortgage rules likely produced widespread sales drops. Volumes fell in 23 of 28 markets between October and November, including 15 where declines were at least 5 per cent. Sales trailed year-earlier levels in Vancouver and Calgary and rose in Toronto and Montréal.

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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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