Canadian Real Estate Prices May See Growth Disappear In Just 3 Months: BMO
Canadian real estate is cooling quickly after higher rates derailed its record run. A new research note from BMO shows the national sales to new listings ratio (SNLR) fell in April. The indicator measures supply relative to demand and acts as a leading price indicator. Canadian real estate can expect prices to trial the country’s biggest market, which may see price growth disappear within 3 months, according to BMO.
Original Article Source Credits: Better Dwelling, https://betterdwelling.com/
Article Written By: Daniel Wong
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Link to Original Article: https://betterdwelling.com/canadian-real-estate-prices-may-see-growth-disappear-in-just-3-months-bmo/