Langstaff Gateway Condos by Kylemore. House prices in Canada fall? In the first month after Canadian banks implemented the new loan terms, house prices across Canada fell as expected.Please Visit: Langstaff Gateway Condos by Kylemore to Get Your VVIP Registration Today!
It is estimated that the government is happy now. After all, the policy is beginning to work.
The latest issue of the Teranet National Bank House Price Index (Teranet-National Bank House Price Index) shows that 7 of Canada’s 11 cities are falling!
It can be seen that Ottawa, Edmonton, Halifax, Quebec, Winnipeg all fell!
The biggest decline was in Quebec, followed by Winnipeg. Are down at least 1%.
According to a monthly report released today by the Canadian real estate association CREA (Canadian Real Estate Association), the number of homes sold through the resale system (MLS) in January 2018 fell 14.5% from December last year, the lowest in three years.
According to the monthly report of CREA (Canadian Real Estate Association), national housing sales fell 2.4 per cent in January compared with the same period last year on an annualised basis.
The monthly analysis said that it is obvious that the implementation of stricter new federal mortgage rules from January this year will have a great impact on these two-month transactions, as many buyers want to make housing transactions before the new rules.
According to the monthly report of CREA (Canadian Real Estate Association), the biggest decline in home sales in January was in the Golden Horseshoe area of Ontario (Greater Golden Horseshoe), with Toronto falling 26.6%, almost offsetting sales growth in the last three months of last year.