Spring has sprung, but Canadian home sales on ice after Bank of Canada forces rate hikes

  • 📰 VancouverSun
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 61%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

Dramatic drops from Vancouver to Halifax in April after increase in mortgage rates

ply over the past four weeks, prompting some buyers to delay their purchase. Moving forward,

But Daniel John, chairman of the Real Estate Board of Greater Vancouver, does not appear to despair. He sees it as a return to more normal levels. John attributed the slowdown to increased interest rates and a new five per cent levy on empty homes — typically aimed at foreign purchasers who park their money in the region without living there.Photo by Postmedia, file

Montreal home sales dropped by 17 per cent from last year, making it the slowest April since 2017. The Quebec Professional Association of Real Estate Brokers recorded 5,124 homes sold in the Montreal area last month, down from 6,164 in April 2021.Article content

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Spring may have sprung, but Canadian home sales are on ice after Bank of Canada forces rate hikesDramatic drops from Vancouver to Halifax in April after increase in mortgage rates NP whining about inflation then whines about the fix true case of stupid is as stupid does 😼 not on the east coast. come on down everybody. turn this place into a shithole too! oh wait, it already is. the potholes and lack of health care awaits you.
Source: nationalpost - 🏆 10. / 80 Read more »

Ontario First Nations residents evacuated due to expected spring floodingThe federal government says residents from two Indigenous communities in northern Ontario have been evacuated from their homes due to the threat of flooding. where's Justin? Sadly, this is not unusual for these folks.. .. hes moved on from you
Source: CP24 - 🏆 30. / 67 Read more »

Spring may have sprung, but Canadian home sales are on ice after Bank of Canada forces rate hikesDramatic drops from Vancouver to Halifax in April after increase in mortgage rates NP whining about inflation then whines about the fix true case of stupid is as stupid does 😼 not on the east coast. come on down everybody. turn this place into a shithole too! oh wait, it already is. the potholes and lack of health care awaits you.
Source: nationalpost - 🏆 10. / 80 Read more »