August saw housing markets across Canada post year-over-year home prices gains, in what many are calling the end of a policy-induced cooling period.
“Greater Toronto Area resales jumped 22 per cent cumulatively in June and July (on a seasonally-adjusted basis) from decade-low levels,” he writes. “Activity rose further month-over-month in August though the pace moderated significantly to just 2 per cent.”
And it’s not just the GTA that can expect single-digit year-over-year increases. Hogue points out that the Greater Vancouver Area’s benchmark price was up 4.1 per cent year-over-year in August
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