Have you put off moving? What was the reason? A new report suggests housing supply is tied to a decreasing mobility rate in some of Canada’s largest metro areas, including Montreal, Ottawa-Gatineau, Calgary, Edmonton, Vancouver, and Toronto.
Though it seemed like the housing market was heating up last spring, on a national level, activity was a bit less exciting, according to the latest monthly report from the Candian Real Estate Association.
Vancouver’s shift to a buyer’s market continued in both the condo and single-family markets. Buyers and sellers have stepped to the sidelines; buyers want to see if prices will keep dropping and sellers are hoping prices stabilize or go back up.
The Canada Mortgage and Housing Corporation released its latest Housing Market Insight report, highlighting some new data gathered on non-resident homeownership in British Columbia, Ontario, and Nova Scotia.