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

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Despite some momentum in Canada's housing market this summer, national home sales hit a pause in July, according to the Canadian Real Estate Associ...

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.

 

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