Found 1 blog entry tagged as Canadian home sales.

As Canadian home sales activity and prices continue their downward trend, many prospective home buyers want to know where the bottom is… and how hard that landing will feel.

Predicting the end to the slide is anyone’s guess, but the Canadian Real Estate Association’s Senior Economist Shaun Cathcart said there’s an “increasing number of data points I’m watching that could suggest (the real estate market) will have a softer landing as opposed to the harder variety.”

Year over year, the average price of a Canadian home sold in July was $629,971, down 5% from $662,924 in July 2021.

Canadian Real Estate Activity

While home sales were once again down from June to July, the declines were smaller than the ones experienced in the previous four…

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