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Real Estate

  • Business
    Yahoo Finance Canada

    Canadian real estate: Sales drop for fifth consecutive month

    "Though the pace of sales and price declines eased in July, the trend remains negative," Desjardins principal economist Marc Desormeaux said.

  • Business
    The Canadian Press

    Housing correction gaining pace, to continue through next year: report

    OTTAWA — Desjardins is forecasting the average home price in Canada will decline by nearly 25 per cent by the end of 2023 from the peak reached in February of this year. In its latest residential real estate outlook published on Thursday, Desjardins says it's expecting a sharp correction in the housing market, adjusting its previous forecast that predicted a 15-per-cent drop in the average home price over that same period. Desjardins says the worsened outlook stems from both weaker housing data

  • Business
    The Canadian Press

    'Wait and see': Toronto, Vancouver home sales plummet from 2021 as buyers hang around

    TORONTO — The Canadian real estate sector might not be a buyers' market quite yet, but a shift away from the rapid price increases of the past few years is well underway with home sales in both the Greater Toronto and Vancouver Areas dropping significantly. July sales in both regions plummeted by more than 40 per cent from last summer and more than 20 per cent from June. While both markets have seen an easing take shape in recent months, the softening was even more evident in July, when Toronto'