Increase in inventory of unsold homes, prices, mortgage rates and supply of rental units all expected to contribute to slowdown in starts, sales, Canada Mortgage and Housing Corp. forecasts.
|Home sales inched upwards in June as would-be buyers decided to jump into the market, the Canadian Real Estate Association says. Rising interest rates considered a key factor.|
Consumer satisfaction for new home builders up in 2010
Home ownership became more affordable for the average Canadian in the last quarter of 2010, with the most significant improvement in Alberta, says the Royal Bank. The bank's housing affordability measure shows costs associated with owning a home in comparison to income slightly declined in the last three months of last year.
Existing Toronto area home sales up 7% over last year
Forest Hill, Bridle Path hottest spots for real estate worth $1 million-plus as February sales, prices soar.