, senior Canada economist Stephen Brown noted the central bank seemed unfazed by a double-digit drop in home sales in May — the second consecutive such monthly drop — and that it was adopting an increasingly hawkish tone on inflation.
National home sales fell 12 per cent on a month-over-month basis in May, following a 14 per cent drop in April. While Brown suggested the declines would bring sales closer in-line to the pre-pandemic norm, the balancing of supply and demand gave him more reason for concern.Article content Home prices are already dropping, according to Capital Economics data, sliding 0.6 per cent month over month across the country. Toronto saw its prices fall even faster by over three per cent for the second month in a row in May.
financialpost Nope
financialpost Interest rates going to double digits. Invest accordingly.
financialpost House prices went up at least 30% in the last 2 years in the Vancouver area - they should go down by the same percentage!
financialpost Written by a real estate agent….
financialpost Good. This is what happens when the public is coerced by “economists” who are greedy pigs. You all HELOC’ed into this mess. Made the bed now lay in it.
financialpost Where have you been....1970?
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.
Source: CTVNews - 🏆 1. / 99 Read more »