Summary of August 2023 Vancouver Real Estate Market Report Residential property sales in Metro Vancouver have been affected by higher borrowing costs. Price gains in the housing market have cooled and sales have slowed. In August 2023, there were 2,296 residential home sales in the region, a 21.4% increase from August 2022. This was 13.8% below the 10-year seasonal average of 2,663 sales....
Summary of August 2023 Toronto Real Estate Market Report Higher borrowing costs, economic uncertainty, and Bank of Canada decisions led to fewer home sales in August 2023 compared to August 2022. The average selling price remained virtually unchanged over the same period. Sales and average prices decreased on a seasonally adjusted monthly basis. Solid demand for housing is expected in the...
Prices have risen as a result of historically low stocks and record-high sales in August. Thanks to a spike in the Calgary condominium market, August sales reached a record high with 2,729 purchases. Despite the high levels announced over the last few months, year-to-date sales are still 15% lower than last year. While new listings increased in comparison to this time last year, the...
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