Balanced and stable outlook for the property market in Canada, according to real estate association

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Nicholas Wallwork

Nicholas Wallwork

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Residential property sales in Canada and new listings are slowing in a trend that will keep the real estate*market balanced and prices stable, it is claimed.

The latest figures from the Canadian Real Estate Association (CREA) show that activity fell nationally by*9.5% in May from near record levels the previous month. This is put down to a combination of changes to*mortgage regulations and rising mortgage rates pulling forward a number of sales in April that would otherwise*have taken place at a later date.



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