It was a slightly more rosy picture for the Canadian real estate market in the month of July. Despite a tumultuous month for the province of BC, which witnessed home sales fall 24%, a slight rebound in Ontario, Canada’s largest housing market helped support the nations housing statistics. Home sales across the nation dipped just 1% year-over-year in July. While this could be considered encouraging news following double-digit sales declines in the early part of 2018, it was still the fewest July home sales since 2012. Meanwhile year to date (January through July) home sales remain at their lowest total since 2009.

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Key Political Developments Prime Minister Trudeau’s ResignationTrudeau, described as economically illiterate, is resigning. Trump’s Inauguration A knowledgeable Vancouver real estate