April was a record month for Canadian existing home sales. Average selling prices and dollar volume were also at new highs. In fact, Canada’s average home sold for over $300,000 for the first time ever. Sources: Ottawa Citizen and Edmonton Journal
The average price of a home in Northwest Territories was $328,904 in April, up 15% from last year. That’s $29,000 more than the average price in Ontario.
Scotiabank gained market share during its 2nd quarter as its mortgage assets grew 17%.
Triad Guaranty received federal approval to offer mortgage default insurance in Canada. It is now seeking its provincial licenses.
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