Watch - this month in canadian real estate

Home sales in Canada held steady in August, according to Keller Williams. The firm's latest video report shows that property transactions remained at 38,000 last month, while prices dipped to $353,000 - 2.3 per cent down from August last year.

KW also reveal the importance of prequalification to the home-buying process.

"Buyers who are prequalified have a significant negotiation advantage over buyers who are subject to financing conditions," explains John Furber. "More important, prequalification can protect buyers against a rate spike by locking in a rate for up to 60 days."

Watch the full report: