Canadian home sales and household debt rise again

Resales of Canadian homes rose in November for the fourth straight month, according to the Canadian Real Estate Association.

However, the association lowered its forecast for 2018 sales and prices because it expects stricter mortgage rules to hamper demand. 

It remains to be seen if such rules will have any effect on markets like Vancouver’s, which shows no signs of slowing down. 

Household debt rose to a record 171.1 per cent in the third quarter of 2017.