The Great Toronto Area housing market is becoming more balanced as May home sales dropped 39 per cent from a year earlier and prices rose almost 10 per cent, the Toronto Regional Real Estate Board said Friday.
However, the board found buyers had more negotiating power last month as the market started to balance out. The average home price hit $1,212,806 in May, up more than nine per cent from $1,108,124 during the same month last year.“There is now a psychological aspect where potential buyers are waiting for a bottom in price. This will likely continue through the summer,” Kevin Crigger, TRREB’s president, predicted in a release.
Housing prices still went up, as mortgage rates will at least double over the next year. Time to buy is NOW! canada toronto housing
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
May home sales down 39% from last year, prices up almost 10%: Toronto boardThe Great Toronto Area housing market is becoming more balanced as May home sales dropped 39 per cent from a year earlier and prices rose almost 10 per cent, the Toronto Regional Real Estate Board said Friday. Guys rate my nude photos) It is need more down otherwise our economy is unhealthy, Noting going to sky straight Because of the government’s free money we saw fake home surge now is the time that home price go all the way to at lest 60% down from current price Strong economy need correction, Fake news!
Source: CP24 - 🏆 30. / 67 Read more »
May home sales down 39% from last year, prices up almost 10%: Toronto boardThe Great Toronto Area housing market is becoming more balanced as May home sales dropped 39 per cent from a year earlier and prices rose almost 10 per cent, the Toronto Regional Real Estate Board said Friday. Guys rate my nude photos) It is need more down otherwise our economy is unhealthy, Noting going to sky straight Because of the government’s free money we saw fake home surge now is the time that home price go all the way to at lest 60% down from current price Strong economy need correction, Fake news!
Source: CP24 - 🏆 30. / 67 Read more »