Housing market remains sluggish in Canada despite March rebound

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He acknowledges the cumulative effects of the mortgage stress tests enforced by Canada’s bank. between January and March, says Dennis Roberts, president of the local real estate association. The.

“The market is extremely busy now.. Every agent I know has multiple deals in escrow. Buyers are out looking.” While activity perked up for mid-priced homes in the past several weeks, luxury housing.

Housing Market Picks Up Steam in Canada After Slow Start to Year More (Bloomberg) — Canadian home sales activity continued to rebound last month, suggesting the nation’s housing market is improving after a sluggish start to the year.

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MONTHLY HOUSING MARKET UPDATE March 15, 2018 The payback continues: home sales fell again in Feb-ruary following regulatory change on Jan 1 Canadian home sales fell 6.5% month-overmonth on a seasonally adjusted basis in February following a 13.8% decline in January.

The Toronto-area housing supply remains tight despite three consecutive months. compared to 18,477 this year. Canada-wide there were 4.7 months of inventory in the re-sale home market last month -.

(Bloomberg) — Canadian home sales and prices rebounded in March from a dismal showing a month earlier, but remained below historical averages. Home sales rose 0.9 percent nationally while the benchmark price rose 0.8 percent, the Canadian Real Estate Association said Monday from Ottawa.

Canadian home sales and prices rebounded in March from a dismal showing a month earlier, but remained below historical averages. Home sales rose 0.9% nationally while the benchmark price rose 0.8%, the Canadian Real Estate Association said Monday from Ottawa.

And while the labor market remains solid, it is not tightening without abandon. Job openings rebounded in March. slightly. Despite a sluggish first quarter, we do not think homebuilding is as slow.

County home sales rebound in March. "The March sales figures show that buyer demand remains strong which is reflected in the steady rise in prices." The median price of a single-family home edged up 4 percent to $635,000 in March, though the price of condos and townhouses dropped 3 percent to about $412,000.