The Canadian Real Estate Association says home sales fell for the fifth consecutive month between June and July, but the latest drop was the smallest of the five.
Excluding the typically heated Greater Vancouver and Toronto Areas from the calculation cuts $104,000 from the national average price.
CREA chair Jill Oudil says such numbers are the continuation of trends that have been unfolding for several months and will result in sidelined buyers re-entering the market to find more selection but not as much as they may have expected. She says new listings in July totalled 73,436, down six per cent from last July and on a seasonally adjusted basis, down five per cent from June.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian home sales fall for 5th month in a row, down 29 per cent from last JulyCanada's average resale home price fell 4.5% from a year ago in July and was down 5.4% on the month as buyers continued to sit on the sidelines amid rising borrowing costs.
Read more »
Canada home prices and sales fall again in JulyCanada's average resale home price fell 4.5% from a year ago in July and was down 5.4% on the month as buyers continued to sit on the sidelines amid rising borrowing costs.
Read more »
Canada home prices fall for fourth month in a rowCanada’s real\u002Destate correction deepened as the Bank of Canada ratchets up interest rates. Find out more
Read more »
Canada home prices fall for fourth month in a rowCanada’s real\u002Destate correction deepened as the Bank of Canada ratchets up interest rates. Find out more
Read more »
Canada home prices fall for fourth month in a rowCanada home prices fall for fourth straight month — via financialpost Canada RealEstate HousingMarket HomePrices
Read more »
Canada home prices fall for fourth month in a rowCanada home prices fall for fourth straight month — via financialpost Canada RealEstate HousingMarket HomePrices
Read more »