home sales Archives - Mortgage Rates & Mortgage Broker News in Canada

National housing market in ‘holding pattern’ as buyers patient for lower rates: CREA

September 16, 2024 No Comments

The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely “stuck in a holding pattern” despite borrowing costs beginning to come down.

Home sales in Canada’s largest cities picked up in June, but remain sluggish

July 8, 2024 No Comments

The Bank of Canada’s rate cut last month likely contributed to the uptick in resale activity, but experts caution that the market remains sluggish by historical standards.

Montreal home sales rise in June as prices continue to climb: real estate board

July 4, 2024 No Comments

The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 6.4% in June compared with the same month last year.

Greater Toronto home sales down 16% in June despite Bank of Canada’s rate cut: board

July 4, 2024 No Comments

The Toronto Regional Real Estate Board says home sales in June declined 16.4% from last year, with many potential buyers staying on the sidelines despite the highly anticipated Bank of Canada interest rate cut.

Vancouver home sales fall 19% in June as inventory continues to build: board

July 3, 2024 No Comments

Greater Vancouver’s real estate board says the number of homes sold in June tumbled 19.1% from the previous year as inventory continued accumulating to levels not seen since the spring of 2019.

Calgary home sales fall in June but still above long-term trends: board

July 3, 2024 No Comments

The Calgary Real Estate Board says June home sales fell 12.8% from last year as 2,738 properties changed hands, driven by declines in lower-priced homes.

Home sales slid in May as buyers awaited confirmation of a Bank of Canada rate cut

June 17, 2024 1 Comment

Home sales slipped in May and listings continued to build as prospective homebuyers largely remained on the sidelines.

Spring housing market stalls as homebuyers remain on the sidelines

June 9, 2024 No Comments

Canada’s typically busy spring housing market stalled as homebuyers largely chose to wait on the sidelines for confirmation of the Bank of Canada’s first rate cut.

Bank of Canada’s rate cut could spur housing demand as Toronto home sales fall in May

June 5, 2024 No Comments

Real estate market analysts say the Bank of Canada’s much anticipated decision to lower its key interest rate could be the sign that many would-be homebuyers have been waiting for to make their move.

Home sales dip in April from prior month as spring listings perk up: CREA

May 15, 2024 No Comments

The Canadian Real Estate Association says the number of homes changing hands in April fell from the previous month despite an influx of new listings hitting the market.

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