'Recycled' Listings Mean Canada's Housing Market Data May Be Misleading

You've likely heard about the slowdown in the once-hot housing markets in Toronto and Vancouver, but what you may not know is that — unlike with many other aspects of the economy — virtually all the data about housing comes from the industry itself.The local monthly updates provided by real estate boards across the country, and the nationwide report from the Canadian Real Estate Association at mid-month, are behind just about any report you read in this country about home sales or pr