The commentary this month is largely affected by the upcoming mortgage rule changes. Buyers and sellers alike were active - resales rose by 3.9% in Canada between October and November. This was the strongest monthly advance since February. New listings rose by 3.5% in Canada between October and November. Most of this increase took place in the Toronto area where new listings jumped by 22.9%.
Read the full report here:
http://www.rbc.com/economics/economic-reports/pdf/canadian-housing/housespecial-dec17.pdf
Read the full report here:
http://www.rbc.com/economics/economic-reports/pdf/canadian-housing/housespecial-dec17.pdf