Buying frenzy leaves Canada with fewest homes for sale on record

By Ari AltstedterBloomberg NewsCanada had about 86,000 houses left for sale at the end of December on a seasonally-adjusted basis. That’s all that was left after buyers purchased a record 667,000 homes over the course of 2021. benchmark home prices rose 2.5 per cent in December from the previous month. An unprecedented real-estate frenzy has left Canada with the fewest houses for sale in at least a quarter century. With supply depleted, benchmark home prices rose 2.5 per cent in December from the previous month, and were up a record 26.6 per cent from the year before. more..
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