- Joined
- Nov 15, 2010
- Messages
- 1,508
We have just released our latest housing commentary entitled "Toronto’s housing market comes back to life in June, not so in Vancouver".
Highlights of the report:
The Toronto and Vancouver markets went in opposite directions in June when it came to home resales. The Toronto Real Estate Board (TREB) this morning reported the first year-over-year increase (2.4%) since March 2017. This contrasted with Vancouver-area resales falling for a fifth consecutive month by 37.7% according to a report released yesterday the Real Estate Board of Greater Vancouver. The same was also true on a month-to-month basis. TREB reported that ‘preliminary’ seasonally adjusted resales climbed by 17.6% between May and June. Our own (rough) estimate of the seasonally-adjusted figure in Vancouver shows a monthly drop of almost 2%. Quite noteworthy was the fact that activity picked up in Toronto’s detached home segment following a year-long string of precipitous declines. In Vancouver, all segments fell sharply with detached homes leading the way with a 42% plunge relative to a year ago.
Link to the full report
To view, print and download the new report, click on the following link:
http://www.rbc.com/economics/economic-reports/pdf/canadian-housing/TREB_REBGV_results_june2018.pdf
Highlights of the report:
The Toronto and Vancouver markets went in opposite directions in June when it came to home resales. The Toronto Real Estate Board (TREB) this morning reported the first year-over-year increase (2.4%) since March 2017. This contrasted with Vancouver-area resales falling for a fifth consecutive month by 37.7% according to a report released yesterday the Real Estate Board of Greater Vancouver. The same was also true on a month-to-month basis. TREB reported that ‘preliminary’ seasonally adjusted resales climbed by 17.6% between May and June. Our own (rough) estimate of the seasonally-adjusted figure in Vancouver shows a monthly drop of almost 2%. Quite noteworthy was the fact that activity picked up in Toronto’s detached home segment following a year-long string of precipitous declines. In Vancouver, all segments fell sharply with detached homes leading the way with a 42% plunge relative to a year ago.
Link to the full report
To view, print and download the new report, click on the following link:
http://www.rbc.com/economics/economic-reports/pdf/canadian-housing/TREB_REBGV_results_june2018.pdf