There are so many parallels between the US and Canadian housing bubbles but this latest one shows that the endgame for Canada may be near.
The Canadian Real Estate Association, which is a trade association that publishes numbers on sales volumes and prices similar to the NAR in the US, is being scrutinized for publishing unusually strong numbers. The theory is a home is listed with 2-3 different real estate boards and when the home sells, it’s counted as 2-3 sales.
The numbers would be revised later but in real time it would inflate the number and make the market appear stronger than it is.
