Greater Toronto area home sales dropped in July on a month-to-month basis, data showed on Tuesday, after a surprise rise in June broke a fourth-month streak ...
OTTAWA - Greater Toronto area home sales dropped in July on a month-to-month basis, data showed on Tuesday, after a surprise rise in June broke a fourth-month streak of drop in home deals.
Home prices have been rising since the beginning of the year in one of the country's busiest real estate markets as demand slowly seeps back into the market on anticipation of further rate cuts from the Bank of Canada.The central bank has cut its key policy rate twice in as many months, bringing interest rates down to 4.5% from more than a two decade high of 5%.
This could potentially bring a lot of people waiting at the fences to jump into the housing market to buy homes, TRREB said. Listings have been growing in Toronto as many homeowners facing a sharp rise in mortgage payments when their tenure comes up for renewal next year, are looking to exit their investment.
The Northern Ireland Assembly will hold an emergency session later this week to debate violent protests, heaping pressure on Sir Keir Starmer to recall parliament.Celsius stock leapt early Tuesday on record Q2 results while Molson Coors surged after the beverage makers cleared earnings estimates. Celsius Holdings reported a 65% increase in earnings to 28 cents per share on a 23% revenue jump to $402 million.MISSISSAUGA, Ontario, August 06, 2024--MedX Health Corp.
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