Toronto-area builders say they are simply running out of low-rise homes to sell. While much of the focus in the country’s largest housing market has been on existing home sales, which saw a 16.2 per cent year-over-year increase in prices in April, new home values continue to show no sign of slowing down. This […]
Archives for May 24, 2016
CMHC expects home building to slow, but prices to keep rising in 2016
Sales activity in both the existing and new home market is expected to slow down for the rest of this year in 2016 and into 2017, but price increases will continue, according to Canada Mortgage and Housing Corp. The Crown corporation, which advises the government on housing, says new home construction will range from […]