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“Cracks Emerge” In Canada’s Housing Market Rebound (storeys.com)

submitted 1 year ago by [email protected] to c/[email protected]

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The flurry of activity seen throughout the spring, which followed the Bank of Canada’s temporary pause in rate hikes, is “tempering off,” economists have observed.

According to the latest statistics from the Canadian Real Estate Association, national home resales rose just 1.5% month-over-month in June, a sharp drop from the 16.3% increase seen from April to May.

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