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Real Estate Briefing - Categorized | Americas, Market Moves more

Canada: Housing market entering ‘big sleep’?

Posted on 18 July 2012

Canada’s real estate market is showing signs of cooling off with national home sales and the average home price down year over year, indicators that have at least one senior economist wondering if the once red-hot market is entering a “Big Sleep.”
The new data from the Canadian Real Estate Association follow several reports saying some real estate markets and some types of housing are overvalued, although there’s a range of opinions about how much and how quickly prices will decline………………………………………..Full Article: Source


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