Metro Vancouver

Investment Specialist
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Alphonse Quenneville

INCOMING CANADIAN HOUSING DATA NOT LOOKING GOOD


Early glimpses of Canadian resale home data suggest that Canada’s housing market continues to decline. Figures from large cities show sales down by double-digits in August– from -22% YoY in Toronto to -36% in Vancouver. Average home prices are flat to slightly positive but inventories continue to inch up, suggesting it’s just a matter of time before prices start declining.

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