But this hasn't deterred buyers. In fact, home sales increased 1.8% year-over-year.
Despite record-setting low temperatures and snow storms, housing market activity in Canada during Q1 2014 showed year-over-year resilience in most regions.
There’s a worrisome gap between the importance of the housing market to the economy and the publicly available data on its workings, says Benjamin Tal, deputy chief economist of CIBC World Markets.
No reason to fear housing crash, says Conference Board of Canada.
Adjustable-rate mortgages, one of the products that helped precipitate the housing crisis in 2008, are on the rise again, reports the Wall Street Journal.
Pete Dupuis is take the concept of one-for-one marketing to a new level, reports the New Yorker.
National home sales activity posted its fifth consecutive month-over-month decline in January 2014, show statistics from the Canadian Real Estate Association (CREA).
Instead, experts predict a steadier market next year.
The Canadian housing market is less affordable than it has been in the last 25 years, finds Desjardins Group Economic Studies.
U.S. home prices increased 12.8% year-over-year in August, finds data from S&P/Case-Shiller Home Price Indices. On a monthly basis, home prices were up1.3% in August. Las Vegas led the cities with an increase of 2.9%–its highest since August 2004. Detroit and Los Angeles followed with gains of 2%. Read: New home sales in Toronto hit […]