Home prices climb further in Canada amid tight sellers market

Home prices climb further in Canada amid tight sellers market

3h ago Home prices climb further in Canada amid tight sellers market Bloomberg News , No one believes the outcome of the election will have an impact on the housing market: Realosophy Realty Canadian home prices continued to rise in August as the country’s market remained historically tight. Benchmark home prices climbed 0.9 per cent from July and were up 21 per cent from last year, according to data released Wednesday by the Canadian Real Estate Association. With both the number of transactions and new supply relatively flat in August, sales as a share of new listings -- a measure of market tightness -- remained elevated at 72 per cent. That’s well above long-term average of around 55 per cent. With Canada in the midst of a national election following …
More on: www.bnnbloomberg.ca