Housing Policy: Family Side and Home Types

housing policy: THE CANADIAN PRESS FILE PHOTO But sales of all home types were down from the 10-year average 80 per cent on the single family side of the industry and 28 per cent for condos and stacked townhouses, according to The Toronto Star. Re-sale homes appear to be recovering from the market chill that followed the introduction of the Ontario Fair Housing policy in April 2017, new mortgage restrictions and higher lending rates. The number of single-family home sales a category that includes detached, semi-detached and townhouses rose 50 per cent last month, while condo sales took a slight dip by 1 per cent, according to the Building and Land Development association BILD . The number of single-family home sales a category that includes detached, semi-detached and townhouses rose 50 per cent in August, while condo sales took a slight dip by 1 per cent. But new home consumers are still feeling cautious, said David Wilkes, CEO of BILD. The economy is in this state of uncertainty, there's a lot of things that are causing people to take a pause, he said, citing the lingering effects of the new housing policies and Canadian trade negotiations with the U.S. Article Continued Below We are in this period of adjustment. What we've seen on the re-sale side are early indications that people are regaining their confidence to make the big purchases such as a home, said Wilkes. We're expecting to see the market rebound. (news.financializer.com). As reported in the news.