Price drops and rising sales define Toronto’s housing market in September

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 79 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 63%

Jennifer Pearce Nouvelles

Market Analyst,Calgary Real Estate Board

Lower interest rates creating more favourable conditions for buyers reentering the market, TREBB says

reported a 4.58 per cent year-over-year decline in its benchmark home price for September, bringing it down to $1,068,700. Home sales for the month rose by 8.5 per cent, with 4,996 transactions compared to 4,606 in September of last year.and softened home prices, creating more favourable conditions for buyers reentering the market. The number of new listings also rose by 10.5 per cent year-over-year, totalling 18,089.

TRREB President Jennifer Pearce noted that, as borrowing costs decrease and lending guidelines adjust, more buyers are entering the market. “With every rate cut, a growing number of GTA households will afford a long-term investment in home ownership,” Pearce said. In Calgary, the market experienced a marked shift in September, with sales dropping to 2,003 — 17 per cent below last year’s record high, yet still 16 per cent above typical September figures. New listings, meanwhile, climbed to 3,687, signalling more balanced conditions.“We are starting to see a rise in new listings in our market. However, most of the listing growth is occurring in the higher price ranges,” Ann-Marie Lurie, chief economist at the Calgary Real Estate Board , said in the report.

“Real estate watchers have been monitoring the data for signs of renewed strength in demand in response to recent mortgage rate reductions, but the September figures don’t offer the signal that many are watching for,” said Andrew Lis, director of economics and data analytics at the Greater Vancouver Realtors , in the report.GVR added that, despite a 12.

Dublin, Oct. 03, 2024 -- The "Readable Corporate Action Notice - North America" database has been added to ResearchAndMarkets.com's offering. The Readable Corporate Action Notice product offers 'readable' documents that combine all the data elements that would be contained within a typical corporate actions data feed , but instead, presents these elements in a human-readable form, similar to a news feed.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Nasdaq, stocks start September session lower: Market openUS markets (^DJI, ^IXIC, ^GSPC) open the first trading day of September lower as equities enter into a month that is historically a bad month for stocks as...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Gold market analysis for September 3 - key intra-day price entry levels for active tradersThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
La source: KitcoNewsNOW - 🏆 13. / 78 Lire la suite »