With the summer cottaging season kicking off this past weekend, Royal LePage released results of a survey of Canadians on recreational properties. The low interest rate environment is a key driver of demand and many potential buyers feel an added sense of urgency to buy whiles rates are so favourable.
The Canadian Real Estate Association released its latest Canadian home sales data last week and reported that sales rose in April. Canadian bank economists agreed for the most part but warned that a return to levels seen in the first half of last year are not likely any time soon.
Here are links to the analysis of the Canadian April home sales data from economists at Bank of Montreal, TD Bank, Royal Bank and Bank of Nova Scotia.
Our Feature Article takes a closer look at the CREA data, some of the bank economists' analysis and the Royal LePage recreational property survey.
MCAP news
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