Canadian home sales climb in July on Toronto gains

Canadian home prices are up – but by the smallest amount in a decade The month-to-month index was held down in July by a 1 per cent decline in Vancouver, its 12th month without a rise

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.

OTTAWA – Home sales in April posted their first year-over-year increase since December 2017 as gains in Montreal and the Toronto region outweighed a decline in the B.C. Lower Mainland. The Canadian Real Estate Association said Wednesday that home sales last month were up 4.2 per cent compared with a year ago, when they hit [.]

In Eastern Canada, Toronto, Hamilton and Ottawa recorded a third consecutive month of gains, while Montreal recorded an increase of 0.8 per cent – the 13th index rise in 15 months.

Transactions nationwide rose 1.9% from June to 38,612, bringing them back toward the 10-year average, the Canadian Real Estate Association said Wednesday from Ottawa. Sales in Toronto advanced 7.7%, while they climbed 5.6% in the Fraser Valley area near Vancouver.

Home News Research and Markets Canadian home sales climb higher in April, boosted by Toronto and Montreal Canadian home sales climb higher in April, boosted by Toronto and Montreal The 4.2% increase was the first year-over-year gain since December 2017

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The organization says national home sales are now projected to rise to 482,000 units this year, up five per cent from 2018. In June, CREA predicted sales to climb 1.2 per cent to 463,000 this year.

Very slight increase in mortgage application volume this week Weekly figures released by the Mortgage Bankers Association showed that the Market Composite Index, which is a measure of mortgage loan application volume, fell by 0.1% in the week ending 28 th June.. The Mortgage Bankers Association on Monday predicted a sharp increase in new home sales in. Conventional loans made up 70% of loan applications.

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.

Home sales in the Greater Toronto Area climbed significantly in July in a divergence from the latest numbers in vancouver. residential home sales were up 18.6 per cent in the GTA for the month.