Single-family home sales are at a 17-year low

Affordability has eroded to a record level

"Foreign homebuyers" include Canadians living abroad

Data from Statistics Canada shows more than 7% foreign ownership in Vancouver and Toronto

Consumers are encouraged by the recent economic boost

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Across the country, sales of houses, condos, and apartments are projected to decline by 5.3%, according to the Canadian Real Estate Association (CREA)