There might be an end in sight for some of Canada’s red-hot housing markets. The Ottawa-based Canadian Real Estate Association said existing home sales were down 2.8 per cent in May from April on a seasonally adjusted basis and CREA, which represents about 115,000 realtors across the country, predicts 2017 will see a major leveling
Have we finally found the answer to the Vancouver housing crisis? Are micro units, small condos and bachelor suites the way of the future; able to douse our city’s precariously overheated housing market in a cool shower of affordable, convenient rental units? It seems the question is still up for debate here in the, albeit
The Bank of Canada is warning of a potentially sharp increase in unemployment and a severe recession if Vancouver’s housing market continues to grow unchallenged. In its financial system review, published Thursday, the central bank said the result could be a “broad-based correction in house prices” that could make many mortgage payers owe more than
