Canadian Home Prices, Sales Rise Again After Mortgage Rules Change

Canadian Home Prices, Sales Rise Again After Mortgage Rules ChangeResidential real estate sales picked up in 60% of local markets in Canada last month as the sector bedded down with changes to the country’s mortgage rules.

Prices also increased slightly but overall the market is subdued compared with a year ago, according to the latest data from the Canadian Real Estate Association (CREA).

The number of sales rose 2.5% month on month, the first monthly gain since March. CREA said it helps to partially offset the 6.2% drop recorded in August when the new mortgage rules were introduced.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

See the Full Story at Property Wire

Click here for gay realtors, mortgage lenders, and other real estate professionals in Canada.

If you have a gay real estate story that you’d like to share with us, contact us at

Leave a Reply

Your email address will not be published. Required fields are marked *