Canadian Real Estate Prices May See Growth Disappear In Just 3 Months: BMO

Author: External Author | Categories: Commercial Mortgage , First Time Home Buyer , Mortgage Agent , Mortgage Services

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.

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Original Article Source Credits:  Better Dwelling,  

Article Written By:  Daniel Wong

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