Housing correction is underway warns report

Housing correction is underway warns report

Housing correction is underway warns report Some of Canada’s cities have already begun to see some correction in the housing market according to the Teranet National Bank HPI for February. Calgary has seen four months of decline with a cumulative drop in prices of 2.3 per cent; Winnipeg declined in four out of five months with a cumulative 3 per cent drop. Toronto’s prices were down 0.11 per cent in February but Vancouver gained by 1.46 per cent and there were also increases in Hamilton and Victoria.