HOME SALES SLOWING, BUT PRICES KEEP RISING

Oct 14, 2016

By Bob Komsic

Share on
Ottawa recently changed the mortgage rules, which is expected to cool the housing market, but just not yet.
The Toronto market continues to push up prices.
TO real estate
The average price of a Canadian home rose by 9.5% in September to $474,590 compared to the same month in 2015.
The Canadian Real Estate Association says sales inched up 0.8% last month, ending four straight months of declines.
Sales are now 5.6% below the all-time record level of April.
While sales were up in the GTA, they continued to fall in and around B.C.’s Lower Mainland, including Vancouver.
The introduction of the foreign buyers tax in August has seen activity out west return to more normal levels following a year of excessive growth.
Join Our Fan Club
Coverage Area
Downtown Toronto
96.7FM
Toronto HD
96.3 HD-2
Kingston to Windsor, Parry Sound to Pittsburgh
AM740
ZoomerRadio Logo

Recently Played: