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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Tuesday, August 24, 2021

National Bank on current home price growth trends

July marked the second consecutive month of slowing price gains.

The sluggishness evident in Canadian home sales over the last few months might lead to a slower pace of price growth soon, according to the National Bank of Canada.

While the July edition of the Teranet–National Bank National Composite House Price Index registered a 2% monthly increase, it marked the second straight month of slowing price increases following the 2.7% gain in June and 2.8% gain in May.

“The July rise was consistent with the increase in the number of home sales over the last several months as reported by the Canadian Real Estate Association,” said Daren King, economist at NBC. “For the 11th straight month, the number of sale pairs entering into the 11 metropolitan indexes was higher than a year earlier. However, the most recent statistics show a moderation in the number of home sales, which could mean a slowing of price rises in the coming months.”

This is despite home prices being 17.8% higher annually, amounting to the strongest 12-month increase on record. Smaller markets impelled this surge, with the largest gains seen in Halifax (33.4%), Hamilton (30.1 %), and Ottawa-Gatineau (28.9 %).

More modest annual increases were seen in traditionally powerhouse markets like Toronto (17.4%), Vancouver (17.1 %), and Quebec (10.3 %).

MBN

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