Canadian home sales ended last year with a 22.7 per cent jump in December compared with a year ago as prices rose as part of a trend that should continue into this year, said the Canadian Real Estate Association.
Canada Mortgage and Housing Corp. says the pace of housing starts slowed in December, mostly because of a decline in multiple-unit projects in urban areas.
As more Canadians consider co-owning a home with others, a real estate representative shares what they should bear in mind before they enter into an agreement.
The number of homes sold nationally rose 11.3 per cent in November compared with a year ago but the picture varies significantly by region, said the Canadian Real Estate Association.
Bank of Canada governor Stephen Poloz said Thursday the global economy appears set for continued slow growth and that low global interest rates are likely to persist.
