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Good news from the Canadian Real Estate Association reporting Canadian home sales climbed 2.7 per cent in September from a month earlier.
Economists see this as a balanced Real Estate market with no signs of a bubble.
Toronto led the different resale markets with strengthened activity moving national sales to its highest level since recently tightened mortgage regulations.
The average resale home price was 6.5 per cent above last years results.
Toronto resale homes continue to post a 9 per cent increase in a year over year pace. according to this recent report, Toronto average price growth could jump ahead of Vancouver's next month.
On one hand we have lower mortgage rates and lower unemployment compared to consumer uncertainty and tighter mortgage rules.
Resale home prices and sales are expected to hold steady, over the next year.
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