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According to the Canadian Real Estate Association (CREA), Canadian home sales are expected to drop to their lowest level in three years in 2018, driven largely by a decline in Ontario.
Newfoundland and Labrador sales this year are forecast to decrease by 8.1%, and Saskatchewan down 4% cent.
Alberta is projected to have the country's largest increase at 7.4%, but that's still below the provincial 10-year average.
Sales are forecast to grow 5.4% in Quebec and 5.7% in New Brunswick.
Manitoba and Quebec are the only two provinces expected to set new annual sales records in 2017, while sales in New Brunswick and Prince Edward Island are on track to come up just short of all-time record levels. |
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