(Source: CBC News)

The spring housing market in Canada will likely see more heated bidding wars as an active January led to a steep drop in active listings in most parts of the country, a new report said Wednesday.

Real estate agency Re/Max said the prospect of higher interest rates, the arrival of the Harmonized Sales Tax in Ontario and B.C. in July, and recent changes to modestly tighten mortgage financing rules have prompted an “unprecedented number of purchasers” to enter the market.

Read the full article “Few listings mean tight spring market: Re/Max” in the CBC News (February 24, 2010)

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