Real Estate
Canadian Home Prices Fall Again, Now Down 10% From Peak
- Buyers, sellers adjusting to central bank’s aggressive hikes
- Number of sales ticks up for first time since February
The number of newly listed properties in Canada edged up 2.2% in October.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Canadian home prices continued their slide for an eighth month as buyers and sellers adjusted to an environment of higher interest rates.
The benchmark price for a home fell 1.2% to C$756,200 ($569,910) in October, the smallest monthly decline since May, according to data released Tuesday by the Canadian Real Estate Association.