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Showing posts with the label Cooling Off

Canadian Real Estate Midlife Crisis

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Looks like Canadian real estate is going through a midlife crisis? Perhaps much more severe and complicated than that mere midlife crisis per se. First, we see home price hotter than hot still … Average Canadian house worth $559317 last month, up 10% in past year  – Canadian house prices continue to march higher, with the average price of one sold in April hitting $559,317 — an increase of more than 10 per cent in a year… CBC And causing Social Screams as a result … “My younger child is sleeping in my master bathroom,” said the mother of two, gripping the podium tightly. And then you hear things like “Home sales cool last month after record March …  Canadian Home Sales Dropped in April Following Record Sales in March  Mansion Global”, it simply  means ales is going down south, even though price is still “handsome”. This gives rise correction concerns …  Toronto-area real estate listings hit records amid correction c...