News

Vancouver house sales set blistering pace in November

  • December 4, 2015

Home sales are at record levels in Toronto and near record levels in Vancouver, despite a steep run-up in prices that is putting housing out of reach for many first-time buyers.

The era of rock-bottom mortgage rates shows signs of ending, with bond yields on the rise and the U.S. set to raise its benchmark rate late this month, but demand for homes was still outpacing supply in Canada’s two hottest housing markets.

Check the full story on CBC.