Real estate intelligence

"The Canadian housing and development market is showing no signs of retreat. Deep into a mature real estate cycle, it is in sight of setting new annual records, confounding analysts who had expected to see a slowdown in the second half of the year.

Municipalities issued $6.9 billion worth of building permits in June, the second highest month on record but down 0.4 per cent from May, which was the best month ever, according to a report released yesterday by Statistics Canada."