Modest declines in residential construction plans, total monthly value of non-residential permits rose 14.8% to $5.0 billion
TD Economics expects declines in sales and prices into 2024 across most regions
Banks and other lenders have been stretching out amortizations to reduce monthly payments
The government is raising the limit on the Canada Mortgage Bonds program to $60 billion
But a return to housing affordability isn't imminent, says an economist
The supply picture has improved somewhat in Ontario, but has worsened in other provinces like Quebec, Alberta, and British Columbia
The Canada Revenue Agency's extended deadline to file a UHT return and pay any tax is approaching
Prices are still expected to rise in Toronto, Calgary and Sudbury
A drop in prices in the first quarter triggered a surge in home-buying activity in the second
The shortage of homes for sale has kept the market competitive