This translation has been automatically generated and has not been verified for accuracy.Home sales across Canada dropped 14 per cent in March, over the previous month, as the coronavirus pandemic shutdown work and thousands of Canadians lost their jobs.
Sales started plummeting in the second half of March when Ottawa and local governments restricted activity and urged Canadians stay at home. Before mid-March, real estate markets in southern Ontario, Montreal and Vancouver were overheating with buyers competing for properties and driving up prices.“Home sales and listings were increasing heading into what was expected to be a busy spring," said Jason Stephen, president of the real estate association, in a statement accompanying the results.
"The numbers that matter most for understanding what follows are those from mid-March on, and things didn't really start to ratchet down until week four,” Shaun Cathcart, the group’s senior economist, said in a statement.
Yet I just had a real estate agent in Saskatoon tell me prices haven’t dropped at all in Saskatoon? Thinking I should sell now then REMAXca
OOOO....stateing the obvious...good reporting globe....now why cant you report other truths ....