Demand-supply equation has fallen in virtually equal proportions — resales plummeted 57 per cent from March and new listings 56 per cent.
Posthaste: Realtors say on-the-ground activity defies CMHC’s ‘panic-inducing’ price plunge forecast
Realtors and market observers say Canada Mortgage Housing Corporation’s prediction that home prices could plunge 18 per cent year in a year’s time, don’t reflect the resiliency of the market and rising activity.
