March home sales volume plunges 22.7%, national average price down 10.4%: CREA

The most-affordable segments of Canada’s housing market are seeing the biggest price hikes as recent changes to mortgage regulations fuel demand for lower-priced homes such as condominiums, according to the country’s real estate industry organization.

The tighter mortgage lending rules, which make it harder for home buyers to qualify for uninsured mortgages, are also shrinking the pool of qualified buyers for higher-priced homes, said Gregory Klump, chief economist of the Canadian Real Estate Association.

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Condoville: What is the real estate boom doing to downtown Montreal?

Units in high-rise condos are a hot commodity, but critics worry they will hurt the city's vitality

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Has the Canadian housing market finally adjusted to new mortgage rules? Industry experts give their take

A new mortgage stress test that came into effect on January 1 sent home sales across the country plummeting. But now that the first quarter of 2018 is behind us, is there relief in sight for the Canadian housing market?

Some signs point to yes — a flattening of prices and a small uptick in sales could mean that the worst effects of the new mortgage rules are behind the market.

To take a closer look at the issue, this article from BuzzBuzzNews has rounded up the latest industry commentary on where the market is headed next.

Three Real Estate Stories in the News for Monday, April 16th, 2018

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Davisville Village Home Sales Statistics for March 2018

Leaside & Bennington Heights Home Sales Statistics for March 2018

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Jethro Seymour, Toronto Real Estate Broker.  Search Toronto's live MLS listing here.