January Home Sales Slow As Supply Dwindled Vancouver Real Estate Board Rocky Mountain Outlook

812 11.71621 hours ago VANCOUVER — The Real Estate Board of Greater Vancouver says January home sales slowed from a record-setting pace last year as the number of properties available dropped. The B.C. board says home sales totalled 2,285 las month, an almost five per cent decrease from 2,389 in January 2021 and a 15 per cent fall from 2,688 in December 2021.

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2 hours ago BC government introduces “cooling off” period for home sales. Starting January 1, 2023, home buyers can back out of a residential purchase up to three business days …

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8 hours ago Housing Market Report for August 2022. Current Vancouver MLS® stats indicate an average house price of $1,308,870 and 1,075 new listings in the last 28 days. As of today, Vancouver housing data shows median days on market for a home is 23 days.

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Just Now They reported a median sales price of an existing home at $361,400 in the first quarter, which they expect to go up to $402,000 in the second quarter followed by a slight leveling off at $379,000

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5 hours ago Home sales last month were down a whopping 43 per cent from July 2021, and 23 per cent from this past June, according to the Real Estate Board of Greater Vancouver (REBGV). The board says these figures signal a new market cycle — characterized by lessening demand for homes — is here.

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1 hours ago After each quarter, CREA revises its forecast for provincial and national sales activity and average home prices, taking into account new housing market data, as well as changes in the outlook for interest rates and the macroeconomy. View Quarterly Forecast.

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7 hours ago Home Prices and Sales. That said, home prices are pretty much determined by supply and demand. And since there’s still a shortage of homes for sale and strong demand, prices are up in 2022. The median price of existing homes hit $407,600 in May. That’s up from $358,800 in December 2021. 1

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6 hours ago Ottawa, ON, July 15, 2022 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in June 2022. Highlights National home sales fell by 5.6% on a month-over-month basis in June. Actual (not seasonally adjusted) monthly activity came in 23.9% below the June record set in 2021.

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Just Now Toronto Real Estate Board com is the online information source for comprehensive coverage of real estate listings and services in the Greater Toronto area. TRREB - Housing Market Charts About TRREB

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8 hours ago RBC also forecasts that home sales in Ontario will increase by 11.3% in 2021 and decrease by 20% in 2022. TD predicts that Ontario average home prices will rise by 19.8% in 2021 before falling 1.3% in 2022. For Ontario home sales, TD forecasts a 17.4% increase for 2021 and a 16.7% decrease in 2022. Ontario Housing Market Forecast 2021 and 2022

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Just Now The National Association of REALTORS ® advocates on behalf of home buyers to support vibrant communities where we live and work. Learn about federal and local proposals affecting you Popular Real

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7 hours ago Home sales were 6.4% below the five-year average and 6.8% above the 10-year average for the month of July. The dollar value of all home sales in July 2022 was $126.9 million, increasing by 10.8% from the same month in 2021. This was also a new record for the month of July. The number of new listings rose by 12.9% from July 2021.

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6 hours ago Toronto housing market became more expensive, Vancouver more active in December (January 2020) 2019 Reports; Vancouver housing market heating up in October; supply was an issue in Toronto (November 2019) Housing market’s risk profile continues to improve (November 2019) Big city rental blues: a look at Canada’s rental housing deficit …

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4 hours ago Single-detached homes in Halifax rose 24.3 per cent YoY, from $402,484 to $500,147. Meanwhile, Moncton detached prices gained 21.2 per cent YoY, from $233,676 to $282,886. The condo and townhome segments in Halifax, Saint John and Moncton all saw prices surge between 12.5 per cent and 48.9 per cent YoY.

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6 hours ago Housing Market Report for August 2022. Current Toronto MLS® stats indicate an average house price of $1,045,654 and 4,294 new listings in the last 28 days. As of today, Toronto housing data shows median days on market for a home is 21 days.

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8 hours ago Calgary’s number of sales saw a 2.6% yearly decline and a 21% monthly decline in sales in July 2022. Detached home 's average price increased by 9% year-over-year to $ 637k. Semi-detached home 's average price increased by 4% year-over-year to $ 513k. Townhouse 's average price increased by 9% year-over-year to $ 356k.

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1 hours ago The growth in prices in these provinces is expected to slow by the end of 2024. The Atlantic region will likely see continued upward pressure on housing activity and growth in prices from high inter-provincial migration. The level of home prices will remain relatively low in comparison to the overall Canadian average. Author: CMHC Document Type: PDF

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Frequently Asked Questions

What was the average house price in Canada in July 2020?

The actual (not seasonally adjusted) national average price for homes sold in July 2020 was a record $571,500, up 14.3% from the same month last year. The national average price is heavily influenced by sales in the Greater Vancouver and the GTA, two of Canada’s most active and expensive housing markets.

How much did existing-home sales drop in May?

For the fourth month in a row, existing-home sales dropped, sliding 3.4% in May from April and down 8.6% from the same period last year, according to NAR.

How fast are house prices growing in BC?

(Chart B) Looking across the country, year-over-year price growth is creeping up above 20% in B.C., though it is lower in Vancouver, on par with the provincial number in Victoria, and higher in other parts of the province.

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