Canadian Home Prices Fall 5% in July, Down 23% Total From Market Peak

  • 📰 storeyspub
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 74%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Both homebuyers and sellers are sticking to the sidelines amid an uncertain interest rate environment. CREA_ACI | realestate realestatenews housingmarket interestrates cdnpoli

latest national numbers

However, CREA points out that the pace of price declines appears to be slowing; this month’s decline has been the smallest thus far, and while the MLS Home Price Index also inched down by 1.7% monthly, it was by a smaller margin than the 1.9% decline recorded in June. On an annual basis, the index posted a 10.9% gain.Ontario is experiencing the steepest price declines, with British Columbia to a lesser extent.

“That said, the demand that was so strong just a few months ago has not gone away, but some buyers will likely stay on the sidelines until they see what happens with borrowing costs and prices. As they re-enter the market, they’ll find a bit more selection, but not as much as might be expected.”

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 16. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

National home sales: Data shows market slowingNew data shows the Canadian housing market continues to slow, with numbers dropping further in July. Poll: Will home prices drop by 50%? ⚠️ MASSIVE REAL ESTATE FRAUD IN 🇨🇦 CDNmedia
Sumber: CTVNews - 🏆 1. / 99 Baca lebih lajut »