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  • Canadian home sales plummet in February, signalling deeper malaise

    From bnnbloomberg.ca

    Canadian home sales dropped sharply in February in a broad-based retreat that highlighted a deepening slowdown in the sector. Home sales fell 9.1 per cent in February from the previous month, the Canadian Real Estate Association said Friday. Transactions slumped 12.6 per cent in Toronto and 4.4 per cent in Vancouver. Prices, meanwhile, remained steady, with CREAs benchmark index rising 0.3 per cent on the month. The report comes a day after Statistics Canada data showed the countrys home values fell for the first time in at least three decades last year, adding to evidence rising interest rates and a string of government measures ... (full story)