Yet another Ontario home sold at significant loss as market hits a 'pause'

Despite some momentum in Canada's housing market this summer, national home sales hit a pause in July, according to theThe latest example is a four-bedroom home in London, Ont. that was first sold for $1.699 million back in April 2023. Just a few months later, the home was re-listed for $1.649 million.

"While it wasn't apparent in the July housing data from across Canada, the stage is increasingly being set for the return of a more active housing market," said James Mabey, Chair of CREA. The report notes that the national composite home price index edged up 0.2 per cent from June to July, making it the second, and the largest, gain in the last year.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canada’s housing market hit ‘pause’ in July despite rate cutsCanadian home sales edged back somewhat in July despite the start of the Bank of Canada's interest rate easing cycle, CREA said Thursday.
Source: GlobalCalgary - 🏆 50. / 61 Read more »