Buyers return to Toronto’s housing market

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Two Toronto real estate agents say they are seeing fewer potential buyers attend open houses in the city as the local real estate market cools in the wake of the Ontario government’s new housing.

Housing Sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

"Home buyers are starting to move back into the market, with sales trending up from last year’s lows," board President Garry Bhaura said in a statement. New listings dropped 19 per cent from a year ago to 15,922. Active listings rose 5.9 per cent to 20,844 from 19,680 last year.

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Buyers Return to Toronto’s Housing Market Natalie Wong and Erik Hertzberg , Bloomberg News (Bloomberg) — Toronto’s housing market showed signs of continued stabilization as sales surged amid a decline in benchmark prices.

arguing that the policy has negatively impacted the economy and Toronto’s once red-hot housing market. “While we saw buyers return to the market in the second half of 2018, we have to have an honest.

 · Toronto housing market by the numbers. A catalyst of the heated debate and avid media coverage of housing issues over the past two weeks has been the August housing market data release by the Toronto Real Estate Board (TREB). With new listings down 6.7% year-over-year, resulting in the lowest levels since August 2010, as well as the whopping 34.

 · The Greater Toronto Area’s housing market is absorbing a considerable sales downturn, and it’s causing significant drag on the rest of the nation, reports the June numbers from the canadian real estate association. Sales across Canada fell 6.7 per cent from May, and a full 11.4 per cent year over year, CREA finds.

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Reduced foreign buyer activity has opened up more opportunity for local buyers in Greater Vancouver’s condo market. While average residential sale prices for all properties increased by two per cent, from $1,030,829 in 2017 to $1,049,362 in 2018, the number of sales dropped by 30 per cent.