forma condos.House prices are still strong. Data released by the Toronto Real Estate Bureau show that the volume of housing transactions in most areas once again broke the historical record in July, with 10000 transactions, breaking the record high in July.Please Visit: forma condos to Get Your VVIP Registration Today!
The average selling price of homes in most districts rose 16.6% to $709, 825, while the price of detached houses rose 21% from a year earlier to $952983. Among them, the price of independent housing in York rose the most rapidly, up 23.51% from a year earlier.
Canada’s lahoo.ca notes that the real estate market is also experiencing a surge in demand, especially for detached houses, which are far in short supply.
Even though transaction volumes rose in July from a year earlier, home listings in Toronto plunged 14%, while most other cities saw a slight drop of 3%.
The director of the Greater Toronto Real Estate Bureau said that housing policy is now the most important thing for the three-tier government, and policy makers need to consider how to solve the problem of too little housing supply in most districts.
The price of independent houses in Toronto rose 20.7%, with an average selling price of more than $100 million. In District 905, the average price of detached houses reached 8565, up 22% from July last year.
Urban and semi-detached houses in many districts also saw double-digit price increases in July, with apartment prices rising more than 9% from a year earlier to $406865.
The 27% drop in real estate production and sales in July, also the hottest part of the real estate hot city, unusually cooled in July this year. Turnover was 3226, down 26.7 per cent from 4400 in June.
Although summer has been an off-season for the housing market, there were 3978 transactions in July last year, down 18.9% this year.
Of these, the turnover of detached houses fell the most, with only 1077 transactions, down 31 per cent from last year, marking the second consecutive month of cooling in the detached housing market this year.
In the Feisha Valley region, there was a 10% drop in trading volume compared with the same period last year. It fell 32 per cent year-on-year in June. Among them, the transaction volume of independent houses also dropped the most.
Dan Morrison, director of the Wendy property Bureau, said that with the record-breaking number of transactions for several months, the demand of home buyers has now returned to historical normal levels. “We will continue to watch the market to see if Dawen Real Estate will return to normal growth.” It is reported that July is the first month in 2016 that did not break the historical transaction record.
Lahoo.ca, a Canadian website, noted that even with a drop in turnover, July was 6.5% higher than the average over the past decade, and the price of a typical home rose to $930, 400, an increase of 32.6% over the same period last year.
In the Feisha valley, the benchmark price of detached houses reached $881, 400, an increase of 42% over the whole year and 2.3% over June.
