Looks like Vancouver’s red-hot housing market is cooling and Toronto could be next, thanks to government policies aimed at addressing affordability. With that said, demand is still high in these markets, as evidenced by record-low inventory.
Meanwhile, other housing markets are seeing a boost in real estate activity. “Sales are up in Calgary and Edmonton from last year’s lows, and trending higher in Ottawa and Montreal,” said Andrew Peck, president of the Canadian Real Estate Association, in his latest monthly report.
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