this morning. “This recovery is taking place against a backdrop of record demographic growth, which is accentuating the shortage of housing supply on the market.”falling to their lowest level in three years in May, there is no reason to believe that the shortage of properties on the market will be resolved any time soon.
As well, of 20 CMA’s not included in the index, price increases were observed in 10, with the most notable growth seen in Sudbury , Guelph , and Kingston . Year over year, the index fell by 7.6% in May, which the report notes is “a smaller annual contraction than the record drop recorded the previous month.”
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Posthaste: Canada's housing market rebound has defied expectations, but don't expect it to lastBank of Canada interest rate hikes will once again put a damper on housing market demand, say economists
Source: financialpost - 🏆 7. / 85 Read more »
Posthaste: Canada's housing market rebound has defied expectations, but don't expect it to lastBank of Canada interest rate hikes will once again put a damper on housing market demand, say economists
Source: nationalpost - 🏆 10. / 80 Read more »
Posthaste: Canada's housing market rebound has defied expectations, but don't expect it to lastBank of Canada interest rate hikes will once again put a damper on housing market demand, say economists
Source: fpinvesting - 🏆 43. / 63 Read more »
Posthaste: Canada's housing market rebound has defied expectations, but don't expect it to lastBank of Canada interest rate hikes will once again put a damper on housing market demand, say economists
Source: calgaryherald - 🏆 64. / 52 Read more »
Posthaste: Canada's housing market rebound has beat expectations, but don't expect it to lastICYMI - Posthaste: Canada's housing market rebound has defied expectations, but don't expect it to last
Source: nationalpost - 🏆 10. / 80 Read more »