Canadian home sales climb in July on Toronto gains

Ottawa, ON, August 15, 2018 – Statistics released today by The Canadian real estate association (crea) show national home sales were up from June to July 2018. highlights: national home sales rose 1.9 % from June to July. Actual (not seasonally adjusted) activity was down 1.3% from July 2017.

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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Canadian home sales climb higher in May According to statistics released today by The Canadian Real Estate Association (CREA), national home sales improved in May 2013, building on gains recorded in the previous two months. Highlights: National home sales rose 3.6% from April to May. Actual (not seasonally adjusted) activity came in 2.6% below levels.

The mid-month Toronto housing market report is in. Toronto saw positive gains for detached homes and condo townhouse sales, compared to the first two weeks of August in 2017, but it also saw some losses, in the latest analysis just released by Zoocasa.. READ: Canadian Home Sales Boosted In July, Led By Greater Toronto Area

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 · Canadian home prices rise more than expected on gains in Toronto, Calgary Data is the latest showing conflicting signs of strength in Canada’s housing market

 · Toronto’s 17% surge leads Canada’s biggest gain in home sales this year June data suggests real estate may be starting to turn the corner, says CREA

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Home sales in the Greater Toronto Area (GTA) increased by 16 per cent, accounting for more than two-thirds of the national increase. The continued rebound put november sales activity slightly over halfway between March 2017’s peak in sales, and the low reached in July.

According to statistics released by the Canadian Real Estate Association (CREA), national home sales rose 4.5 per cent from November to December, the fifth consecutive monthly sales increase. Activity in December was up in nearly 60 per cent of all local markets, led by the Greater Toronto Area (GTA), Edmonton, Calgary, the Fraser Valley, Vancouver Island, Hamilton-Burlington and Winnipeg.

Sales of existing homes unexpectedly fell in January mortgage originations plunge, but subprime activity sees minimal decline Mortgage Originations Plunge, But Subprime Activity Sees Minimal Decline. National Mortgage News, May 16, 2019–Elina Tarkazikis (subscription) mortgage activity plunged before the start of the year, but subprime originations dropped the least, according to TransUnion.Consumers expecting lower mortgage rates less optimistic about buying important mortgage rate trends upward for Thursday – Bankrate. – Consumers expecting lower mortgage rates less optimistic about buying – National Mortgage News What Is a Jumbo Loan? – At Regions Bank, shift to purchase market prompts a retooling – National Mortgage News FCA to change mortgage advice rules – FT Adviser.NAR said existing home sales tumbled by 3.2 percent to an annual rate of 5.38 million in January, while economists had expected existing home sales to rise to a rate of 5.60 million.

 · Home prices in the greater vancouver area jumped 15.8 per cent in June compared to a year ago. In Toronto, prices climbed 12.3 per cent last month. Credit/Getty Images