Buyer interest remains high but supply is tight and mortgage rates tough to grapple with
At RBC, one-quarter of customers use points for mortgage, credit card payments
Government said records were being sought to verify that merchants were obeying tax acts
Extending amortization may serve to drive prices higher
Lack of purpose-built rentals remains a major challenge
CREA data suggest a marked shift away from sluggish sales and slumping prices
More than one in 10 Canadians own an investment property
April's average price tumbled 7.8% from a year ago, but was still roughly 4% higher than the March average.
The federal housing agency predicted home prices, sales will see year-over-year declines in 2023
Further upward pressure on rents is expected in the coming months