Exchange district condos 3 . Is the property market still active? The warm Canadian summer market is still active, but the supply of homes for sale has been declining steadily since June.
Residential sales in Dawen area totaled 3152 units in August 2021, up 3.4 per cent from 3047 in the same period last year and down 5.2 per cent from 3326 in July 2021, the report said.
In addition, August sales were 20.4% higher than the 10-year average in August.
In August 2021, 4032 independent houses, apartments and city houses are listed for sale on the computer disk (MLS) in Dawen area. Compared with 5813 homes in the same period last year, it is down 30.6 per cent and 7.9 per cent compared with 4377 in July this year.
At present, the total number of houses listed for sale on MLS in Dawen District is 9005, down 29.7% from August last year and 8.6% from July this year.
“Housing supply is the biggest factor affecting the market at present,” said Keith Stewart, chief economic analyst at the Greater Wendy property Bureau. In order to help ease price pressure and improve people’s choice of buying houses, the market needs more adequate housing supply. ”
He added that housing affordability is a key issue in the federal election, and the Wendi property Bureau also hopes that political parties will focus on introducing relevant solutions, which will help people have a variety of choices when buying homes.
In terms of sales to active ratio, the average hang-to-sale ratio in August 2021 is 35%. According to the type of property, it is 25.3% in independent houses, 51.8% in urban houses and 39.2% in apartments.
Typically, when the ratio remains below 12%, prices face downward pressure, and when the ratio exceeds 20% in a few months, prices tend to rise.
In addition, the composite benchmark price of the MSL housing price index is 1176600 yuan, an increase of 13.2% over the same period last year and 0.1% over July this year.
Sales of detached homes reached 945 in August, down 13.7% from 1095 in the same period last year. The benchmark price of detached houses is 1.8071 million yuan, which means an increase of 20.4% over August 2020 and 0.3% over July 2021.
Sales of apartments reached 1631, up 22.4 percent from 1332 in the same period last year. The benchmark price of an apartment is 735100 yuan, an increase of 7.6 percent over the same period last year and a decrease of 0.2 percent from July 2021.
In terms of urban housing, sales in August this year were 576, down 7.1% from 620 in August 2020. The benchmark price of urban housing is 952600 yuan, an increase of 16.5% over the same period last year and 0.3% over July this year.