After the rapid rise in home sales in Canada after the economic downturn when interest rates fell near rock bottom, there are signs that overall sales in Canada are beginning to level off.
This report came to us via the Bank of Montreal (Also known as BMO Economics Department) which noted the following:
Toronto house prices, though slowing, hit a record high in April; gains in the detached market more than offset slightly lower condo values. Alberta enjoyed decent price gains, while Vancouver's prices have declined moderately.
"Nationwide, housing starts have adjusted to the reduced demand, returning to household formation rates," Mr. Guatieri added. "Meantime, Toronto continues to build up rather than out to meet supportive demographic demand."
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About Ascension Health Ventures
Ascension Health Ventures was launched in 2001 as a wholly owned subsidiary of Ascension Health. Today it is a subsidiary of Ascension Health Alliance, a parent company formed in 2012. AHV's role is to construct and manage a strategic portfolio of investments that deliver a venture investment return, have the potential to transform the healthcare industry, and significantly enhance the experience for patients, their families and their caregivers. AHV has three venture funds under management and its limited partners include Ascension Health Alliance, Catholic Health East, Catholic Health Initiatives, Decatur Memorial Hospital, Dignity Health, Intermountain Healthcare and Mercy. For more information, go to www.ascensionhealthventures.org.
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