Home Builder Canada Readers survey
newsletter
NP_lineHome Builder Magazine New Products Online
NP_line
Computers, Educational
&Technology

NP_line
Electrical & Mechanical
NP_line
Exteriors
NP_line
Finishes & Surfaces
NP_line
Kitchens & Baths
NP_line
Landscape & Design
NP_line
Speciality Products
NP_line
Structural
NP_line
Tools & Equipment
NP_line
Windows & Doors
NP_line
New Products home
NP_line



External Links: Associations & Governments. Builders & Renovators . Manufacturers & Suppliers

Home . About Us . Subscribe . Advertise . Editorial Outline . Contact Us . Current Issue . Back Issues . Jon Eakes



© Copyright - Work-4 Projects Ltd.

Housing sales up and down

July 26, 2018

June housing sales in Canada were up from May but down 10.7 per cent from June 2017, reports the Canadian Real Estate Association (CREA).
The result was a five-year low in sales for the month of June, but some expect sales to firm up in the second half of this year.
CREA also noted sales volume was up 4.1 per cent when compared with May—the first substantial month-over-month increase this year.
The national average price for a home sold in June was just under $496,000, down 1.3 per cent from a year ago.
Excluding high-priced Greater Vancouver and Greater Toronto markets, the average price was just over $389,000.
Although prices were down in many large cities—including Toronto, Edmonton, Regina, Saskatoon and Calgary—the pace of decline is starting to slow. CREA reported that Vancouver, Ottawa and Montreal prices are increasing.
TD Bank economist Ksenia Bushmeneva noted that sales rose for the second month in a row with broad-based gains across the country while home prices continued to stabilize.
She suggested the housing market “is once again finding its footing” following tougher mortgage rules that came into effect this year.
However, a July hike in mortgage rates could sideline some buyers, according to mortgage broker Shelly Cooper of Dominion Securities.

 

 

 

homeBUILDERcanada.com | Home BUILDER Magazine | Canada's #1 Information Source for Residential Home Builders and Professional Renovators

HB house ad sub
Home Builder Magazine Ask Jon Eakes
Home Builder current issue