Canada’s average home price fell 2.5 per cent in March from February and sales dropped 5.4 per cent, as the red hot housing market showed signs of cooling off, according to data from the Canadian Real Estate Association on Tuesday.
The national average selling price dipped to $796,000 from $816,720 in February, though it was up 11.2 per cent on the year. CREA’s home price index was up 1 per cent on the month and 27.1 per cent annually, edging back from last month’s record gains. Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.
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Long way to go yet. Anyone buying at these prices is foolish.
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‘It’s growth upon growth.’ Royal LePage sees house prices rising in 2022, despite cooling marketThe real estate service adjusted its annual forecast for the GTA to a 16 per cent increase, up from 11 per cent. Living wages pegged to productivity, dignity at work and social mobility, or gtfo corporate parasites. Mass mobilization, general strikes and direct action ftw. Kick them in the capitalism until they beg for mercy. Clip and save this. Rates have a lot further to go and prices gonna rose another 15? No , not gonna happen. *Says the company that benefits the most from price speculation.
Source: TorontoStar - 🏆 60. / 55 Read more »
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