“Cracks Emerge” In Canada’s Housing Market Rebound
“Cracks Emerge” In Canada’s Housing Market Rebound
storeys.com "Cracks Emerge" In Canada's Housing Market Rebound
After two consecutive interest rate hikes, the rapid pace of Canada's housing market rebound has begun to moderate.
The flurry of activity seen throughout the spring, which followed the Bank of Canada’s temporary pause in rate hikes, is “tempering off,” economists have observed.
According to the latest statistics from the Canadian Real Estate Association, national home resales rose just 1.5% month-over-month in June, a sharp drop from the 16.3% increase seen from April to May.
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