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Home sales to slow down overall in 2017 - CMHC, CREA

on 16 May 2016
Home sales to slow down overall
CMHC has released a quarterly report which seems to mirror the predictions of CREA. 

Both expect home sales to slow down overall in 2017, largely due to reduced affordability in BC and ON.  They forecast resales to rise just 0.4% and national average price increase of 1.1% to $482,500.  CMHC continues to keep a close watch on home prices due to concerns of overvaluation in Vancouver, Calgary, Toronto, and Montreal.