Montreal's big gains come amid softening demand in Vancouver and Toronto's detached luxury homes segment, as both buyers and sellers in the country's
hottest housing markets face a number of new federal and provincial housing measures.
Not exact matches
The bank also believes there are fewer imminent risks
facing the global and Canadian economies, although the speed of the slowdown in Canada's previously
hot housing market could become a new challenge.
It's a reality
facing many buyers, as prices have quickly outpaced income in Canada's
hottest housing markets.
«For a long time now, renters have
faced an affordability crisis when it comes to
housing, and renters in some
hot markets will still need significant raises just to keep up with rising rents,» says Dr. Svenja Gudell, chief economist at Zillow.
The booming economy and
hot housing market of the past several years have changed the
face of buyers who pay cash for their home.