The monthly Metropolitan resale snapshot provides an overview of the existing home market and expectations for existing home price growth over the short term for 29 areas.
Document Highlights
Sales rose in three of Canada’s four largest cities in July. Vancouver sales rebounded but remain historically subdued. Montréal sales eased, perhaps signalling a market peak. Calgary sales edged higher for the fourth month in the last five, and the worst may be over for this market. Sales rose again in Toronto, thanks to the city’s solid economy and healthy population growth.
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