Canadian housing data continued to disappoint in the month of June. Albeit the year-over-year decline in home sales was not nearly as disappointing as the month of May. National home sales fell 11% year-over-year in June, a slight upgrade from the 16% decline suffered in May. As sales dipped, so too did the total amount spent on real estate. The total dollar volume dipped 12% year-over-year in June, totalling $23.5B CDN. A tough blow to government tax coffers which have reaped record sums of property tax dollars in recent years.

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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