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Canada home prices cool as housing slowdown takes hold

Fri, Oct 13, 2017 – 12:24 AM

[OTTAWA] Canadian home resale prices in September staged their biggest fall in seven years, while new home prices were flat in August in the once red-hot markets of Toronto and Vancouver, adding to evidence that the country’s housing boom continued to cool, data showed on Thursday.

Prices dropped 0.8 per cent in September from August, the first monthly decline since 2016 and the biggest since September 2010, according to the Teranet-National Ba…
The Business Times

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