The Toronto Regional Real Estate Board says last month\u0027s 4,642 home sales also marked a 12.1 per cent month\u002Dover\u002Dmonth decline from August.
Greater Toronto home sales slid 7.1 per cent last month compared with September 2022, with sales of semi-detached houses and townhouses particularly declining from last year.The Toronto Regional Real Estate Board says last month’s 4,642 home sales also marked a 12.1 per cent month-over-month decline from August.The board attributes the downward trend to the impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth.
Meanwhile, the average home price reached $1,119,428, 3.4 per cent higher than in August and a three per cent increase from last September. New listings surged 44.1 per cent to 16,258 in September compared with extremely low levels in September 2022, as the number of listings also trended upward on a month-over-month basis.
TRREB president Paul Baron says elevated borrowing costs are expected until mid-2024, after which they will start to trend lower, which suggests there will be an uptick in demand for housing ownership in the second half of next year.Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Greater Toronto home sales drop 7.1 per cent in September as higher rates biteTORONTO — Greater Toronto home sales slid 7.1 per cent last month compared with September 2022, with sales of semi-detached houses and townhouses particularly declining from last year.
Lire la suite »
Greater Toronto home sales drop 7.1 per cent in September as higher rates biteTORONTO — Greater Toronto home sales slid 7.1 per cent last month compared with September 2022, with sales of semi-detached houses and townhouses particularly declining from last year. The Toronto Regional Real Estate Board says last month's 4,642 home sales also marked a 12.1 per cent month-over-month decline from August. The board attributes the downward trend to the impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic grow
Lire la suite »
Greater Toronto home sales drop 7.1 per cent in September as higher rates biteGreater Toronto home sales slid 7.1 per cent last month compared with September 2022, with sales of semi-detached houses and townhouses particularly declining from last year.
Lire la suite »
Toronto home prices rebound in September, sales hit eight-month lowThe average price of a GTA home rose 3.4% in September from August to $1,119,428, the first increase since May, Toronto Regional Real Estate Board data showed on Wednesday
Lire la suite »
Toronto home prices rebound in September, sales hit 8-month lowGreater Toronto Area (GTA) home prices rose in September for the first time in four months, as the Bank of Canada paused its interest rate hiking campaign, but the level of sales fell to the lowest since January. The average price of a GTA home rose 3.4% in September from August to C$1,119,428 ($816,623.87), the first increase since May, Toronto Regional Real Estate Board (TRREB) data showed on Wednesday. On a year-over-year basis, home prices were up 3%.
Lire la suite »
Toronto home prices rebound in September, sales hit 8-month lowBy Fergal Smith TORONTO (Reuters) - Greater Toronto Area (GTA) home prices rose in September for the first time in four months, as the Bank of Canada ...
Lire la suite »