2 Canadian Real Estate News Headlines You Shouldn't Miss Today (September 9th 2019)
Hello everyone. How are you?
I provide you with Canada’s news headlines for real estate news for today.
Toronto real estate board says August home sales up 13.4 per cent compared with year ago
The Toronto Real Estate Board says home sales in the Greater Toronto Area in August were up 13.4 per cent compared with a year ago.
The board say there were 7,711 home sales through its MLS system in August, up from 6,797 sales reported in August 2018.
On a month-over-month basis, seasonally adjusted sales were up 0.8 per cent.
Canadian Real Estate Near Bottom Of Global Rankings, But Maybe Not For Long
A global housing slowdown is taking place, and Canada is nearing the very bottom of it.
Canada placed 49th out of 56 national housing markets included in the Knight Frank Global House Price Index, which ranks countries by annual home price changes each quarter.
In the second quarter, Canadian home prices were up only 0.5 per cent compared to the same period last year, according to Knight Frank, a property consultancy headquartered in the U.K.
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