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Is Canadian Home Price Increase Easing Down? | HiBusiness

In January, the report by the Canadian Real Estate Association (CREA) disclosed that the average home sale price in the country was at $470,253, which showed a diminutive 0.2 per cent increase over the year. In that same period, sales volume went down by 1.3 per cent, it was recorded as the second lowest level in the month since 2015’s decline. Last year’s stricter stress test that was endorsed might have been a reason behind the recent improvements according to officials from CREA, as it seems that speculators are being significantly burdened by the regulatory revisions. President of CREA,

Toronto’s runaway housing market heading for paralysis, economists warn

Runaway prices, commissions, fees and taxes intimidate move-up buyers, choking off Toronto housing supply, one observer says