Canadian housing market on brink of downturn

Posted by Ravi Gulati | Posted in Economy & Markets, News of Interest | Posted on 28-05-2014

While the current ratio of sales-to-listings in Toronto points to price growth, at least for a few more months, of about five per cent, the picture doesn’t look so rosy in Canada’s priciest market. The sales-to-listings ratio in Vancouver “suggests that house price inflation will decline materially over the next few months.”

“Overall, with house prices already declining in some smaller regions, it may only be a matter of timing then before prices in other larger and much more overvalued markets begin to fall more sharply.”

Canadian housing market on brink of downturn: report | Toronto Star.