Canadian housing markets: A look at where buyers or sellers hold the upper hand [Toronto Globe and Mail (Ontario, Canada)]
Royal Bank Of Canada (RY)
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Source: Toronto Globe and Mail
Canadian housing markets: A look at where buyers or sellers hold the upper hand Briefing highlights Location, location, location You can see where buyers or sellers hold the upper hand by scouring the latest report on Canadian home sales and prices. This week’s report from the Canadian Real Estate Association generally showed the broader market subdued after the engineered slowdown by the B.C. and Ontario governments and in the wake of federal mortgage-qualification stress tests now more than a year old. The national market picked up somewhat in March, from February’s depressed volumes, but remained well below year-earlier levels. But Canada is a series of regional markets with extreme differences. Story continues below advertisement At the same time, the MLS home price index fell .5 per cent in March from a year earlier, the steepest decline in almost a decade. Here’s how Royal Bank of Canada senior economist Robert Hogue sees things: Where buyers rule “Buyers hold a strong ha
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