Canadian home sales climb in July on Toronto gains

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

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.

Home sales throughout the Greater Toronto Area surged in May as the spring selling season kicked into high gear. According to the Toronto Real Estate Board (TREB), there were 9,989 property sales in Canada’s largest housing market last month, marking an 18.9% gain from a year earlier and an increase from April when 9,042 homes were sold in the GTA.

Toronto Leads Canada’s Biggest Gain in Home Sales This Year. Toronto Leads Canada’s Biggest Gain in Home Sales This Year. Bloomberg the Company & Its Products The Quint. Bloomberg. Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data.

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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%. 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.

 · Canadian Real Estate Sales Drop Over 11%. Canadian real estate sales are still down bigly from last year. CREA reported 47,413 sales in June, down 6.37% from the month before. This represents an 11.12% decline compared to the same month last year. The monthly drop is fairly normal, but the decline from last year isn’t.

The Toronto area’s high-priced housing market is climbing again, with double-digit sales gains this. The Toronto Real Estate Board reported year-over-year price increases of nearly 5 per cent.

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

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