Monthly Market Stats - August 2018

By: Mike Mossuto

Monthly Market Stats - August 2018

Tags: stats, buying, selling, real estate, homes, hamilton, burlington, toronto

Canadian Home Sales Activity Edges Higher in August

"Improving national home sales activity in recent months continues to obscure significant differences in regional trends for home sales and prices," said Gregory Klump, CREA's Chief Economist. "Moreover, recent monthly sales increases are diminishing, which suggests that the rebound may be starting to lose steam."

"The new stress-test on mortgage applicants implemented earlier this year continues to weigh on national home sales, said CREA President Barb Sukkau. "The degree to which the stress-test continues to sideline home buyers varies depending on location, housing type, and price range. All real estate is local, and Realtors remain your best source for information about sales and listings where you live or might like to in the future," said Sukkau.
If you have any questions, or concerns, about today's market, contact me today!

Mike Mossuto
Sales Representative
Keller Williams Complete Realty

(All information taken from CREA National Statistics)