Canadian home sales climb in July on Toronto gains

National Bank of Canada (NA.TO) is climbing 0.18 percent and Canadian Imperial Bank of Commerce (CM.TO) is up 0.05 percent. Toronto-Dominion. Existing home sales in the U.S. unexpectedly decreased.

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The most expensive sales prices were in Pelham last month, where the average cost of a home was $666,369, while the best deals could be found in Welland where the average sale price was $328,243.

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Home sales over Canadian MLS Systems rose by 5.2% month-over-month in February 2017 to reach the highest level since April 2016. \n 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.

 · Canadian home sales tick higher in July, led by Greater Toronto Area market Home sales increased 1.9 per cent in July compared with June, according to the Canadian Real Estate Association. The bump-up marked the third.

However, it is expected to slow this year, amidst the introduction of another set of market-cooling measures, on the backdrop of rising mortgage interest rates. House prices in Canada’s eleven major cities rose by 9.07% during 2017 (7.07% inflation-adjusted), after y-o-y rises of 12.34% in 2016,

The national average sale price rose 9.4% on a year-over-year basis in March; excluding Greater Vancouver and Greater Toronto, it increased by 2.4%. \n \n. The number of home sales processed through the MLS Systems of Canadian real estate Boards and Associations rose by 4.1 per cent in March 2015 compared to February. \n

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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.

The spillover effect has stimulated home-buying activity in most areas flanked by Toronto’s core and Hamilton. Burlington, in particular, has soared between 2013 and 2018, with home sales almost.

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.