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

History of Remembrance Day

Originally posted on: November 10, 2017
Last updated on: November 10, 2017
Filed under: remembrance day
Remembrance Day The national day to remember those who died in military service is observed across Canada each year on 11 November – t ...

New Mortgage Stress Test Rules

Originally posted on: October 18, 2017
Filed under: mortgage stress test
News Release For Immediate Release OTTAWA - October 17, 2017 - Office of the Superintendent of Financial Institutions Canada Today t ...

Google Makes Huge investment in Toronto

Originally posted on: October 18, 2017
Last updated on: October 18, 2017
Filed under: google investment investing toronto
Google's Sidewalk Labs signs deal for 'smart city' makeover of Toronto's waterfront The partnership between a U.S. urba ...

Happy Thanksgiving!

Originally posted on: October 6, 2017
Last updated on: October 6, 2017
Filed under: thanksgiving

The Difference between Mortgage Investment Corporations and Individual Mortgage investments.

Originally posted on: September 28, 2017
Last updated on: September 28, 2017
Filed under: mortgage mortgage investments investments
This is a great article if you are an investor or have been looking into investing. If you would like to speak with us regarding the article ...


Durham Bungalows
Brokerage
Independently owned and operated.

420 Green Street #105
Whitby, ON L1N 8R1


Phone: 1-905-995-0460
Powered by Lone Wolf Real Estate Technologies (CMS6)