No matter what statistics show, Canada’s housing boom is about to end, experts say

sales across the country were up 10.6% in September from a year ago, though down 1.6% from August

It might be hard to convince some Canadians the end of the housing boom is near based on new statistics from the Canadian Real Estate Association which show prices still rising.

But the growing consensus, even in the face of record valuations for homes in Canada’s three most expensive cities, is that prices will flatten out — a thesis even supported by one of Canada’s largest real estate companies.

Ottawa-based CREA said Wednesday that sales across the country were up 10.6% in September from a year ago, though down 1.6% from August. The average price of a home climbed 5.9% from a year ago to $408,795.

“Momentum going into the the fourth quarter is showing tentative signs of waning,” says Gregory Klump, chief economist with CREA, noting low interest rates continue to support increased prices in the country’s more expensive cities.

READ Full Article Courtesy Of Financial Post.com 

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REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with



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