Price expectations played a key role in the rise and fall in resale activity in Ontario https://www.bankofcanada.ca/?p=205094 House price growth expectations in Ontario (left scale) % Unexplained portion of the change in resales relative to 2015Q1 (right scale) % 4.913.97 4.8211.37 11.574.56 12.364.62 4.6913.32 5.3618.55 5.6822.99 5.2720.71 5.9823.32 6.3411.03 4.03-4.02 4.763.69 4.87-10.72 -12.654.61 -3.094.92 -7.994.49 4.62