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Home sales fall in Toronto, Vancouver because not enough property on market: CREA

Canadian home resales fell at the fastest pace since January, led by declines in its two hottest markets, which CREA says is a sign of a tightening rather than cooling market, says CREA.

Canadian home resales fell at the fastest pace since January, led by declines in its two hottest markets, which CREA says is a sign of a tightening rather than cooling market, says CREA.

The biggest problem in Canada’s hottest housing markets today seems to be finding something available to buy.

The Canadian Real Estate Association offered up the explanation of a shortage of listings in Vancouver and Toronto for...

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Canadian home sales down in September while Vancouver and Toronto prices climb: CREA
Josh Sherman
By:  | OCTOBER 16, 2015

vancouver-house-autumn

Photo: Guilhem Vellut/Flickr

National real estate sales activity cooled down in September as home prices climbed, according to stats released this week by the Canadian Real Estate Association (CREA).

In September, both national existing Canadian home sales and the number of newly listed homes dipped 2.1 per cent from August.

“Sales are off the peak...

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