The decline reflects a recovery in rental demand in Canada's oil-producing provinces.
The price of a home in Canada increased 13.3%, year-over-year, to $628,411 in Q3.
There were 214,821 housing units built in September 2017, compared to 220,573 units in August 2017.
Banks push re-advanceable mortgages, with potentially dire results
But correction could be short-lived
A hot housing market could result in more than disappointed buyers.
Morneau, Sousa and Tory to discuss Ontario's runaway housing market.
The Bank of Canada’s governor says there is increasing evidence of speculation in Toronto’s hot housing market, where the average price of a detached house has surpassed the $1.5-million mark. Read: Why the BoC sees just 1.8% growth in 2019 Stephen Poloz says demand is being driven more by speculators or investors, rather than by […]
Toronto home prices continued their unabated climb last month, the city’s real estate board said Wednesday in what could serve as a prelude to the critical spring homebuying season in the country’s hottest housing market. The average selling price for all properties in the Greater Toronto Area jumped from $688,011 to $916,567 over the last […]
High-risk and suspected fraudulent mortgage activity is on the rise, says Equifax Canada.