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Trudeau’s new housing measures could end up crushing sales in an already depressed market

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Help for first-time homebuyers doesn’t come into effect until the fall, meaning some might hold off on jumping into real estate until they can take advantage

New measures for first-time home buyers could keep Canada’s housing market at cooler levels until autumn, according to a report by Royal Bank of Canada.

The delayed purchases might further dent an already weakened housing market. Home sales across the country have been dismal in recent months, falling 9.1 per cent in February to the lowest level since 2012, and the slowdown is widespread across Canadian cities.

 

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