Conditions remained tight even though Canada’s major housing markets saw sales transactions fall in May, according to RBC’s chief economist Robert Hogue.
Housing markets in the metropolitan areas of Toronto, Montreal, Vancouver, and Calgary all saw home sales dip month-over-month in May. However, Hogue said that those looking for signs of easing price pressure “will be disappointed.” # SANDI HALPERN # SOLD # LEASED #RBC # HOT REAL ESTATE MARKET
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