Toronto home sales down 34% from last year, up 15% from July: TREB

The board said Friday that sales for the month amounted to 5,627 compared to 8,549 last August and 4,900 in July 2022.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

Those that ventured into the market in recent weeks found the prices were below those seen in the frenzied winter months, but nonetheless higher than they had been a year and even a month ago.Article content The seasonally adjusted average selling price was $1,130,463, up about two per cent month-over-month, but down about 12 per cent from $1,285,129, when the region experienced its highest average price in the last 12 months.

The board wants the Office of the Superintendent of Financial Institutions to consider removing the stress test for existing mortgage holders who want to shop for the best possible rate at renewal rather than forcing them to stay with their existing lender to avoid the stress test.

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Toronto home sales down 34 per cent from last year, up 15 per cent from JulyThe Toronto Regional Real Estate Board says August sales were down 34 per cent since last year, but up almost 15 per cent from July, as buyers returned to the market to take advantage of prices that eased from winter's elevated levels.
Source: CTVToronto - 🏆 9. / 84 Read more »

Vancouver home sales down 40% from last year, nearly 1% since JulySales of detached homes experience the most dramatic year\u002Dover\u002Dyear drop at 45 per cent. Read on
Source: financialpost - 🏆 7. / 85 Read more »

Vancouver home sales down 40% from last year, but almost unchanged from July, board saysThe Real Estate Board of Greater Vancouver says home sales for August amounted to 3,152 and came amid a quieter summer season marked by reduced buying and listing activity Which one should we push ? Almost unchanged or down 40%? Which one should we push? Almost unchanged or down 40%?
Source: globeandmail - 🏆 5. / 92 Read more »

Vancouver home sales down 40% from last year, nearly 1% since JulySales of detached homes experience the most dramatic year\u002Dover\u002Dyear drop at 45 per cent. Read on
Source: nationalpost - 🏆 10. / 80 Read more »