Hello, everyone.
I provide you with Canada’s news headlines for real estate news for today.
Sales and prices fall in Canada, latest index shows
According to Property Wire,
Property sales and prices are falling in Canada with the latest index showing transactions down by 11.9% and values by 0.3% year on year.
Month on month sales were down by 2.1% compared to June 2017, the fourth monthly fall in a row and while this was about a third the magnitude of those in May and June, it leaves sales activity 15.3% below the record set in March, the data from the Canadian Real Estate Association (CREA) shows.
The actual, not seasonally adjusted, national average price for homes sold in July 2017 was $478,696, the first year on year decline since February 2013, reflecting fewer sales in the GTA and Greater Vancouver on a year on year basis.
The detail is here.
Vancouver average one-bedroom rent dips in August: PadMapper
According to Business in Vancouver,
The average rent for a one-bedroom Vancouver apartment dipped back down below the $2,000 mark in August, according to PadMapper’s latest data, which takes into account the median rents for all homes that are currently available or vacant and does not include those homes that are already rented out.
The average rent for this home type had jumped past the $2,000 mark last month, reaching $2,090. In August, the median rent for a one-bedroom home fell 4.8% to $1,990. Year-over-year, one-bedroom apartment rents increased 13.7% in the city.
For two-bedroom units, the average rent fell 0.9% in the month to $3,200. Year-over-year, the average rent for this home type increased 3.2%.
The detail is here.
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Also published on Medium.
