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Canadian home sales rebound from 7-year low, but prices still flat – Mortgage Talk Canada

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Canada’s home sales were little changed in May, suggesting the residential real estate market is stabilizing after seeing large declines earlier this year. Transactions fell 0.1% from April to 36,373 units, the canadian real estate Association said Friday from Ottawa, keeping the level close to five-year lows.

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Canadian home sales rebound from 7-year low, but prices still flat "There’s a growing divergence in Canadian housing market trends between eastern and western Canada," said Gregory Klump, CREA’s.

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Canadian household debt hit record high at end of last year, CMHC says

* Canadian dollar falls 0.1 percent against the greenback * Price of U.S. oil declines 2.3 percent * Canadian bond prices trade mixed across a flatter yield curve * Spread between 2- and 5-year yields turns negative TORONTO, Dec 10 (Reuters) – The Canadian dollar edged lower against its U.S. counterpart on Monday as oil prices declined and the spread between Canada’s two- and five-year yields.

by Steve Randall There was a further increase in home sales nationwide in May, finally returning sales to 10-year average levels for the month. The canadian real estate association reported a 1.9% month-over-month increase while actual seasonal activity gained 6.7% year-over-year; the largest annual gain in three years.

Canadian resale home prices were flat in March from February and 12-month home price inflation slowed slightly, according to the Teranet-National Bank Composite House Price Index. While national prices were essentially unchanged last month from February, the index, which measures price changes for.

Canadian home sales rebound from 7-year low, but prices still flat More The Canadian Real Estate Association, which represents 125,000 realtors across the country, said home sales increased by 0.9 per cent in August, the fourth monthly increase in a row after new mortgage rules implemented in January took a big bite out of the market in the.