Compared to previous months and years, the 0.1% increase is especially negligible. StatCan_eng realestate realestatenews housingmarket
This is according to Statistics Canada’sStatistics Canada, New Housing Price Index, July 2022
While prices were unchanged in 17 of the census metropolitan areas surveyed, they were up in five CMAs and down in five CMAs as well.Of the five CMAs that saw monthly price increases, Ottawa and Vancouver saw the most notable growth.In Ottawa, new home prices rose by 0.6% from June to July, and builders attributed this activity to strong market conditions.
The higher sales-to-active-listings ratio for townhomes can be attributed to the fact that townhomes are a more approachable purchase for buyers broaching Vancouver’s housing market. The benchmark price for a townhome was almost half of that of a single detached home in July.Of the five CMAs that saw price decreases between June and July, Kitchener–Cambridge–Waterloo saw the most drastic drop of 0.7%.
Most notably, new home prices rose by 14.8% YoY in Calgary. This is the third consecutive month where Calgary has led the pack for YoY increases. According to the, the city saw record-breaking residential sales in July. Meanwhile, listings for homes under $500,000 fell 18% and listings for homes over $500,000 rose by 20% YoY.
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.
Cadet military training camp in Ottawa hit with COVID outbreakFifty\u002Dfive staff and cadets contracted the virus in late July.
Read more »
Cadet military training camp in Ottawa hit with COVID outbreakFifty\u002Dfive staff and cadets contracted the virus in late July.
Read more »
COVID-19 outbreak at cadet military training camp in OttawaFifty\u002Dfive staff and cadets contracted the virus in late July.
Read more »
James Webb Space Telescope shows Jupiter’s auroras, tiny moonsThe James Webb Space Telescope took the photos in July, capturing unprecedented views of Jupiter’s northern and southern lights, and swirling polar haze
Read more »
Why Connor Bedard is Leafs prospect Fraser Minten’s No. 1 fanAdd scout and draft critic to the resumé of Canadian junior hockey star Connor Bedard, who thinks the Maple Leafs got the steal of this year’s draft in Fraser Minten.
Read more »
North Korea imported Chinese masks, gloves before declaring COVID victoryNorth Korea imported more than one million facial masks and 15,000 pairs of rubber gloves from China in July, shortly before declaring victory over COVID-19, Chinese trade showed on Saturday.
Read more »