Monthly Archives: September 2012

Housing correction underway in Canada, ‘soft landing’ likely: bankers

Canada’s housing correction “appears to be underway,” Toronto-Dominion Bank’s chief economist said Tuesday, one day after data showed national home sales plummeted in August. Craig Alexander and a team of economists said a combination of market fatigue, stricter mortgage lending and a deterioration in housing affordability are behind a slowdown in Canadian home sales. The […]

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Canadian home sales down in August

Ottawa, ON, September 17, 2012 – According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity dropped sharply from July to August 2012. Highlights: Home sales down 5.8% from July to August. Actual (not seasonally adjusted) activity stood 8.9% below levels in August 2011. Number of newly listed homes […]

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