According to the Financial Post's October 3rd article, the latest monthly data on existing home sales from Canada's two biggest markets (Toronto and Vancouver) indicates housing demand is still stong. GTA homes sales rose 30% in September, 2013 over the previous year. Real Estate sales have bounced back strongly in recent months when compared to a year ago when federal restrictions tightened the mortgage lending rules. The full article can be found HERE.
(Source: financialpost.com, October 3, 2013)