Canadian housing showing strength, but not all markets are firing equally
A cross-country comparison of housing markets reveals housing markets are showing remarkable resilience except in Alberta and Saskatchewan.
Recently released data by the Canadian Real Estate Association (CREA) shows that national residential real estate sales are accelerating faster than new listings, and prices are up in most places except the Prairies. Housing prices are also up from five years ago in large housing markets in the east and west, but are lower in markets in Alberta and Saskatchewan.
Original Article Source Credits: Financial Post , https://financialpost.com/
Article Written By: Haider-Moranis Bulletin & Murtaza Haider and Stephen Moranis
Original Article Posted on: Aug 27, 2020
Link to Original Article: https://financialpost.com/real-estate/mortgages/canadian-housing-showing-strength-but-not-all-markets-are-firing-equally