‘We still have bidding wars’

‘We still have bidding wars’  LINK

Canada’s two most expensive real estate markets are  becoming even more exclusively reserved for the few.

 

A Canada Mortgage and Housing Corporation report found that housing demand in Toronto and Vancouver remains high while supply is considerably lagging—especially compared to Montreal, Calgary and Edmonton.

Vancouver-based REMAX sales agent Ron Antalek says the new mortgage stress tests have removed about 20% of buyers from the market, however, that’s done little to abate pressure on the Lower Mainland’s housing market. Low-rise housing under $1mln is especially hot.

 

No Comments

Post A Comment