Canada's Housing Market Slows Down in October

  • 📰 CBCNews
  • ⏱ Reading Time:
  • 9 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 99%

Economy News

Canada,Housing Market,Sales

Canada's housing market has gone into winter hibernation early this year, with fewer sales, fewer new listings, and mostly flat selling prices.

Canada's housing market has gone into winter hibernation early this year, with fewer sales, fewer new listings, and mostly flat selling prices. The number of homes sold in October fell by 5.6%, and new listings slipped by 2.

3%. CREA president Larry Cerqua stated that many potential buyers have already gone into hibernation, and some sellers may be postponing their plans until next spring.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mixed Market Reactions in Asia, Philippine GDP Growth, Aboriginal Water Market Lockout, and MoreThis news article covers various topics including the mixed market reactions in Asia, the expected growth of Philippine GDP, the lockout of Aboriginal people from Australia's water market, Colombia's request to overturn the fiscal rule, China's slowdown affecting Japanese beauty stocks, talks between the US and global gas heavyweights on emission tracking, the potential sale of QuidelOrtho's transfusion medicine unit, Byron Allen's interest in Scripps TV stations, troops entering a Gaza hospital in Israel causing frustration in the US, Ottawa extending the deadline for underused housing tax, the gender gap in salary negotiations, and the financial stress faced by many Canadians.
Source: BNNBloomberg - 🏆 83. / 50 Read more »