Data

Demand for refinancing dropped 16.3% from two weeks earlier and was down 87% from the same period in 2021.

The law provides exceptions for home purchases by immigrants and permanent residents of Canada who are not citizens.

Bank Halifax predicts prices will drop by 8% this year, although this drop would not be enough to wipe away all the gains made in recent years.

The seasonally adjusted Overall Turnover Index in October 2022, compared with the corresponding index of September 2022, increased by 0.4%.