MY TORONTO by SHAWN VENASSE - Sales Representative

Animated Absentee Owner Postcard

July 2017 MLS sales down by over 40% year-over-year: i. Average selling price for all home types up by 5%; ii. New listings rose by 5.1%; and, iii. Active listings up significantly! Results should benefit Buyers with more choice in the market, at least for the short term.

For those of you who think Economists know anything....

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June 2017 stats for the Canadian Real Estate market from CREA.

Published on 17 Jul 2017 Ottawa, ON, July 17, 2017 - According to statistics released today by The Canadian Real Estate Association (CREA), national home sales cooled further in June 2017. Highlights: • National home sales dropped 6.7% from May to June. • Actual (not seasonally adjusted) activity in June stood 11.4% below last June’s level. • The number of newly listed homes edged back by 1.5% from May to June. • The MLS® Home Price Index (HPI) was up 15.8% year-over-year (y-o-y) in June 2017. • The national average sale price edged up just 0.4% y-o-y in June. The number of homes sold via Canadian MLS® Systems fell 6.7% in June 2017, the largest monthly decline since June 2010.

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