Canadian home sales climb in July on Toronto gains

TORONTO — The. represents a substantial gain over the past decade," said TREB president Tim Syrianos. However, he said the MLS home price index composite benchmark, which strips out the impact of.

The actual average price for a Canadian home sold in July was $401,585, up five per cent from the same month last year. If you remove Toronto and Vancouver from the equation, the national average drops down to $327,988 and the year-over-year increase is more modest at four per cent.

The national average price for homes sold in April was $494,978, up 0.3 per cent from the same month in 2018. Excluding the Greater Vancouver and Greater Toronto Area, two of the country’s most expensive markets, the average price was just over $391,000.

 · It was, however, a notably weak performance in the auto sales sector that was largely responsible for really bringing down the value of Canadian retail sales. After gains in four of the five months prior, weakness in new car sales resulted in a 1.5 per cent drop in trade. Excluding the auto sector, retail sales were actually up 0.1 per cent.

The canadian real estate association has cut its forecast for home sales in Canada in 2017 and 2018 as a result of slowing activity in major Ontario cities, including Toronto. largely due to major.

The Toronto area’s high-priced housing market is climbing again, with double-digit sales gains this. The Toronto Real Estate Board reported year-over-year price increases of nearly 5 per cent.

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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.

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 · OTTAWA – The Canadian Real Estate Association is upgrading its forecast for 2019 home sales, which are now expected to show a slight improvement compared with last year. The association said home sales are projected to edge up 1.2 per cent from last year to 463,000 units in 2019 compared with its previous forecast of a decline of 1.6 per cent this year.