Welcome guest.  ( Sign in )

Sale of Homes rebounds in December

January 16, 2017

Home sales rebounded in December following large drop in November: CREA

 
 
 

On a year-over-year basis, CREA says home sales were down five per cent last month compared to December 2015.

Annually, the number of homes that changed hands was up 6.3 per cent last year compared with 2015 as sales started out strong before softening in the latter part of the year.

The real estate association says the MLS home price index in December was up 14.3 per cent compared with a year ago.

Meanwhile, the national average sale price climbed 3.5 per cent in December compared with a year ago.

The number of homes newly listed for sale slipped three per cent from November to December.

"Home sales are unlikely to benefit the Canadian economy as much in 2017 as they did in 2016,'' CREA's chief economist Gregory Klump said in a statement.

"New regulations mean that in order to qualify for a mortgage, home buyers will either have to save longer for a bigger down payment or purchase a lower priced home. In urban centres where the latter are in short supply, that's likely to translate into fewer sales.''

 

Visit us at Durham Bungalows.ca for all your Real Estate needs!

 

source: http://www.canadianrealestatemagazine.ca/news/home-sales-rebounded-in-december-following-large-drop-in-november-crea-219637.aspx

 


Tagged with: home sales rebound december sales
| | Share

Durham Region July 2018 Market Statistics

Originally posted on: August 17, 2018
Last updated on: August 17, 2018
Filed under: july market durham region
Transactions increase Year-Over-Year for July in Durham Region. Please feel free to share and if you would like more information please let us know.

Home prices set to rise.

Originally posted on: July 11, 2018
Last updated on: July 11, 2018
Filed under: sellers home prices
National home prices set to rise after slow start says Royal Le Page by Steve Randand11 Jul 2018 It’s no ...

Things to do this July 7 and 8th weekend in Durham

Originally posted on: July 5, 2018
Last updated on: July 5, 2018
Filed under: things to do durham festivals
6 ideas for Durham Region on July 7 and 8 WHATSON 04:00 AM Oshawa This Week UXBRIDGE -- Daniel ...

Good News for Home Buyers and Sellers

Originally posted on: June 14, 2018
Last updated on: June 14, 2018
Filed under: buyer homes seller
Good news for homeowners by Canadian Press14 Jun 2018 A report by Canada Mort ...

Tick Safety

Originally posted on: June 8, 2018
Last updated on: June 8, 2018
Filed under: tick safety ticks tick removal
We are sure you have heard about the tick infestations on the news lately. We thought we would post this for everyone to know how to prevent and ...
Sales Representative


Durham Bungalows
Brokerage
Independently owned and operated.

420 Green Street #105
Whitby, ON L1N 8R1


Phone: 1-289-274-2273
Powered by Lone Wolf Real Estate Technologies (CMS6)