Posts tagged demand

June Home Sales Rise 8.7%

Canadian sales of existing homes rose for a fifth month in June, adding to evidence that record low borrowing costs are fueling housing demand.
Sales rose 8.7 percent to 41,304 homes from the previous month on a seasonally adjusted basis, the Canadian Real Estate Association said today in a statement from Ottawa. Average home prices rose [...]

Falling prices in B.C.’s real estate market are levelling off

Plunging prices in B.C.’s residential real estate market are levelling off, according to the latest forecast issued by the British Columbia Real Estate Association.
“The majority of the decline in home prices has already occurred,” said association chief economist Cameron Muir, in a report released on Tuesday.
“Balanced markets are emerging in Victoria, Vancouver and the Fraser [...]