BNN Bloomberg: Growth in Canadian Home Sales Slows Amid Record-Tight Supply

Canadian home sales slowed in September as supply tightened, suggesting the nation’s red-hot housing market over the summer months is cooling. National home sales rose 0.9% from a month earlier, the smallest gain since April, the Canadian Real Estate Association reported Thursday. At the same time, inventory levels dropped 10.2% and the sales to new listings ratio, a measure of market tightness, hit the highest level in almost two decades. Canada’s housing market has been a bright spot in the country’s economic recovery from Covid-19 shutdowns. Read more...


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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
Phone: 905.608.6732
Fax: 905.608.9988