Canadian home sales climb in July on Toronto gains

Canadian home sales rose in July in broad gains as markets start to recover from the stress test tightening last year, though economists say global concerns raise some uncertainties for the future. On August 15th the Canadian Real Estate Association said that home sales rose 12.6% in July from a year earlier, and were up 3.5% seasonally adjusted from June.

The association says home sales last month were up 4.2 per cent compared with a year ago, when they hit a seven-year low for the month. The improvement came as gains in Montreal and the Toronto region outweighed a decline in the B.C. Lower Mainland. On a month-over-month basis, sales through the Multiple Listing Service rose 3.6 per cent in April.

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The actual (not seasonally adjusted) national average sale price was up 3.9% y-o-y. Home sales recorded via Canadian MLS Systems rose for the fifth consecutive month in July, putting them about 15% above the six-year low reached in February 2019 but still more than 10% below the highs reached in 2016 and 2017.

Home sales over Canadian MLS Systems rose by 5.2% month-over-month in February 2017 to reach the highest level since April 2016. While February sales were up from the previous month in about 70% of all local markets, the national increase was overwhelmingly driven by an increase in activity across the Greater toronto area (gta) and environs.

Slow growth is in the forecast for 2019, with Canadian realtors predicting Toronto real estate prices will increase next year. In their 2019 housing market outlook report, RE/MAX forecasted a 2 per cent price increase for Toronto and a 1.7 per cent increase across the country.

Toronto-area home sales climb higher in July: TREB By Staff The Canadian Press Toronto-area homes sales climbed 18.6 per cent higher in July compared to the same month a year ago.

Canadian home sales post first yearly rise since 2017 Gains in Toronto, Montreal Home sales gains in Montreal and the Toronto region outweighed a decline in the B.C. Lower Mainland.

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The Canadian Real Estate Association said Thursday that home sales rose 12.6 per cent in July from a year earlier, and were up 3.5 per cent seasonally adjusted from June.

At Regions Bank, shift to purchase market prompts a retooling The Mortgage Market Study, published earlier this year (March 26), found about 30 per cent of consumers could have found an identical or better mortgage that was cheaper than the one they bought and that receiving advice made no difference to the likelihood that they overpaid.. At Regions Bank, shift to purchase market prompts a retooling.

National home sales continued to climb in November Monday, December 18, 2017 November 2017 saw national home sales rise for the fourth month in a row, up 3.9 per cent from October, according to statistics released by the Canadian Real Estate Association (CREA).