Despite the slowdown, TRREB has upgraded its annual forecast
For some, there is a feeling of distrust around government money
Sales are expected to reach typical levels through the latter half of 2021 and into 2022
Government relief diminished the need for banks’ massive loan loss reserves
The bank’s loan loss provisions fell to $496 million compared with $1.85 billion a year ago
The rule changes, effective June 1, could push buyers to seek more affordable homes
The national average home price was a little under $696,000 in April
On a monthly basis, sales dropped nearly 13%
New measures include a hiring subsidy and e-commerce support
Canadian home sales jumped 76% year-over-year