Housing Market Growth Unsustainable
This is a Toronto news story, published by calgaryherald, that relates primarily to RBC Economics news.
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sales growthcalgaryherald
•Home sales growth expected to continue, but tempered
67% Informative
The 7.7 per cent jump in sales in October from September is likely unsustainable in the near-term, RBC Economics says.
Falling borrowing costs, falling interest rates and rising supply helped boost sales, report says.
Toronto and Vancouver fuelled sales growth, likely sopping up some supply in those markets which had seen slumping demand.
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