OTTAWA — Canada's real estate market softened further in May as sales and prices of existing homes declined and listings rose.
OTTAWA — Canada's real estate market softened further in May as sales and prices of existing homes declined and listings rose.
The month saw the number of homes sold down 5.9 per cent from May last year, and down 0.6 per cent from April when seasonally adjusted.The national average price for May amounted to $699,117, down four per cent compared with a year earlier, though up one per cent month-over-month. The regional pictures vary considerably though, with sales in Greater Vancouver down 19.8 per cent compared with a year ago and Greater Toronto down 22.2 per cent, while sales in Edmonton were up 19.7 and Winnipeg activity was up 14 per cent.
The S&P 500 risks as much as an 86% crash when the "bubble of all bubbles" burst, one economist warned.The price of an average home in Canada was $699,117 in May, CREA says, down 4% on an annual basis.Justin Bieber’s mother posts sweet Father’s Day tribute during Hailey’s pregnancyWhich “House of the Dragon ”Character You Are, Based on Your Zodiac Sign
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