Toronto's real estate board found July sales fell 47 per cent from the same time last year and 24 per cent from this past June.
The moderation of the Greater Toronto Area's housing market intensified last month as the region's real estate board found July sales fell 47 per cent from the same time last year and 24 per cent from this past June.
The hike has encouraged people to rethink their housing intentions. Prospective buyers are holding out for further drops they and brokers anticipate could materialize in the fall, while sellers are debating making what they can from their home now or waiting for the market to turn in their favour again.
Prices of semi-detached homes were up by nearly five per cent from last July to $1,077,750, while sales fell 45 per cent to 474. TRREB felt the numbers necessitate government intervention, including boosting housing supply and reviewing mortgage policies.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GTA home sales down 47% from last year, 24% from June: Toronto board | CBC NewsThe moderation of the Greater Toronto Area's housing market intensified last month as the region's real estate board found July sales fell 47 per cent from the same time last year and 24 per cent from this past June.
Read more »
P.E.I. residents caught unaware of June 30 cut-off date for low-income dental program | SaltWireGrace Coughlin’s daughter had been unaware her P.E.I. provincial dental care program.coverage would expire at the end of June without a renewal application. She was told she would have to provide $900 out of pocket to finish her daughter’s cavity tre...
Read more »
GTA home sales down 47% from last year, 24% from June: Toronto board | CBC NewsThe moderation of the Greater Toronto Area's housing market intensified last month as the region's real estate board found July sales fell 47 per cent from the same time last year and 24 per cent from this past June.
Read more »
Calgary home sales down 3% in July as rates rise: Real estate board - BNN BloombergThe Calgary Real Estate Board says last month's home sales slipped by three per cent year-over-year as the market continued to experience a slowdown.
Read more »
Metro Vancouver Home Sales Down by Over 40% in JulyNew data from the Real Estate Board of Greater Vancouver (REBGV) reported that residential home sales and new listings are down compared to previous months and years.
Read more »
Calgary home sales down 3% in July as interest rates rise: real estate boardThe region’s sales for the month totalled 2,254, down from 2,314
Read more »