Prices for detached houses in Toronto, Vancouver and Fraser Valley down in first half of 2023, report says
A report by Re/Max Canada says prices for detached houses in Toronto, Vancouver and B.C.’s Fraser Valley saw upward momentum in the first half of the year, but average prices fell short of those seen last year in most neighbourhoods.
The report tracked average price and sales activity in the freehold segment in 82 districts within the Toronto Regional Real Estate Board, Real Estate Board of Greater Vancouver and the Fraser Valley Real Estate Board.
It says a substantial drop in prices in the first quarter of the year triggered a surge in home-buying activity in the second.
Categories
Recent Posts
Bank of Canada rate decision offers little relief to homeowners facing mortgage renewals
New Calgary towers near Stampede grounds to offer hotel comforts with the benefits of ownership
Second agents relist aging Annex house with fewer photos, more global promo to get bids
Testy sellers, cautious buyers as real estate market adjusts to global trade uncertainty
Toronto's 'renoviction' bylaw takes effect Thursday. Here's what you need to know
Modular-home builder facing receivership says: ‘I haven’t given up this vision’
A wild oasis tucked away in suburban Burlington
A rare Erickson home in Cambridge, Ont., seeks its next steward
Campus addresses Canada’s skilled-trades shortage
Homebuilders navigate higher material costs, uncertain supply chains amid trade war
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "