Mixed signals: Why it’s hard to tell if Canada’s real estate market is hot or not right now

Canadian residential real estate markets have been giving off mixed signals in recent months. After a strong start to spring, the Bank of Canada’s resumption of interest rate hikes in June sent buyers back to the sidelines. But while sales have cooled, prices in some areas have held their ground, even in the face of five-year fixed mortgage rates that are pushing six per cent. So is the market hot or not? The Financial Post’s Shantaé Campbell asked realtors in Vancouver and Toronto to assess their respective markets by looking at some of the indicators of bull markets gone by, from bidding wars to inventory levels.

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