Home prices in some Canadian markets may have risen too fast and present a “downside risk” to the nation’s economy, economists at the Bank of Canada warn.

Home prices across Canada were up 8.8 percent in September from a year ago, but reduced affordability is denting sales — Toronto is on track to see the fewest new-home sales in a decade, the Huffington Post reports, citing statistics from the Building Industry and Land Development Association. Source: huffingtonpost.ca

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top