Golden Real Estate News

Golden Real Estate News

Real Estate news for Golden, BC continually updated from thousands of sources.

Local Headlines

  • Home sales fall across Canada to reach their lowest ...

    Feb 20, 2018 | via Journal of Commerce 

    A flood of buyers and sellers looking to close deals late last year ahead of looming tighter mortgage rules resulted in a 14.5 per cent "payback" drop in home sales between December and January, market watchers said Feb. 15. Economists expected the drastic decline, which marked the lowest sales level in three years, and anticipate the market will continue to be dampened in the near future as Canadians negotiate the new rules and a January interest rates hike, the third in the past year. "It's the biggest monthly percentage drop in sales activity since October 2008," said Gregory Klump, the Canadian Real Estate Association's chief economist, referencing when the country was in the midst of the so-called Great Recession.

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    Related Topix: Housing, Mortgage, Mortgage, Home, Personal Finance, British Columbia, Golden, BC, Canada

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