The remarkable recovery in Canada’s resale housing market is cooling, as increasingly expensive properties and the promise of higher mortgage rates force out buyers. Prices are at all-time highs, but the number of homeowners looking to sell has created a glut of inventory.
Overvalued Canadian homes, higher mortgage rates drop hot resale market
Most Popular Articles
Latest Articles
ADU options set to expand in California
Housing startup BOXABL is now approved to sell a factory-built accessory dwelling unit in California, which could increase the supply of affordable homes.
-
Impacted by a cyberattack, loanDepot delivers a Q1 loss of $38M
-
Carrington names new vice president of TPO marketing
-
Annual home price gains reach 5.3% in March: CoreLogic
-
FOA records loss in Q1 but remains confident about improving profitability
-
NAR magazine devotes space to reverse mortgages and seniors
