Supply shortages still expected in big centres, but wave of new listings elsewhere will be boon to buyers...After a historic runup in prices, the Canadian resale housing market is set to cool down as a wave of new listings hits the market, providing badly needed inventory for hungry buyers.
The number of homes on the market nationally increased for the third consecutive month in February on a seasonally adjusted basis, according to the Canadian Real Estate Association. The industry group said yesterday there were 4.7 months of inventory available in Canada in February, up from 4.5 months in January.
Written by STEVE LADURANTAYE, Real Estate Reporter
Globe and Mail Published Tuesday, Mar. 16, 2010 12:00AM EDT
Last updated on Tuesday, Mar. 16, 2010 3:09AM EDT
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