Canada’s housing market continued to show signs of a slow cool-down in August, as the number of sales ticked lower even as selling prices still headed higher compared to where they were a year ago.
The Canadian Real Estate Association said Wednesday that the number of homes sold was 0.5 per cent lower in August than it was in July — and was off by about 14 per cent compared to the number of sales clocked this time last year.
About half of all markets are seeing more houses come on the market, while the other half are seeing fewer.
WNews is the place to be for the latest global news. Started in 2014, we want to bring the news back to the news with unbiased reporting of the news. We believed that news should be honest and trustworthy.
WNews is a W-World Brand, a Canadian-based company.