Princess Pan RE/MAX Crest Realty Westside

Tel 778-945-8540 | EMAIL princess-bc@hotmail.com |

Canadian home sales remain at lowest levels in six years

Nationally, home sales down 4.6% and prices fell 0.5% from a year earlier.


Canadian home sales and prices rebounded in March from a dismal showing a month earlier, but remained below historical averages.


Home sales rose 0.9 per cent nationally while the benchmark price rose 0.8 per cent, the Canadian Real Estate Association said Monday from Ottawa. While the results are an improvement from February, both sales and prices were down from a year earlier as homebuyers grapple with stricter mortgage rules and rising rates.


Sales activity remains at some of the lowest levels recorded in the last six years, CREA said. It’s the latest in a string of data that show sluggishness in the housing sector after policy makers tightened borrowing regulations, partially in a bid to slow runaway growth in Toronto and Vancouver.


Comments:
No comments

Post Your Comment:

Subscribe to Princess Pan News Updates

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.