Canadian Contractor

Dave Gray   

Correction course?

Renovation Contractor

After years of steady price escalation across the country, government efforts to curtail the risk of a real estate bubble seem to be putting the brakes on things.

After years of steady price escalation across the country, government efforts to curtail the risk of a real estate bubble seem to be putting the brakes on things. In March, total home sales nationally were down nearly 23 percent compared to March 2017, and average prices dropped 10 percent. Toronto alone was responsible for much of the decline with detached houses down 15 percent (albeit, still at an average of $1.3 million).

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