Despite the slowdown, TRREB has upgraded its annual forecast
Home sales were down 11.9% from the previous quarter
The average price in June was $494,111, down from $510,978 in May
According to a poll from Manulife Bank, 75% of adults in Canada say they can’t afford a home
Sales are expected to reach typical levels through the latter half of 2021 and into 2022
Home prices continue to rise, however, despite the dip in sales
The prime minister says young people are facing “a housing crisis”
Housing markets in advanced economies lead the way, with prices up 27% on average since the financial crisis
The bank supports recent measures to take pressure off Canada's housing market, said RBC's CEO
Would-be homebuyers across the U.S. are facing perhaps the most competitive market in decades