High Millennial demand for value-add apartments should spur more multifamily deals Millennial-age renters are driving…
A Record-Breaking Month for Canadian Housing Markets
With COVID-19 restrictions being lifted across Canada, home buyers and sellers have been busy! National home sales and new listings have continued to increase since June, with July seeing more home sales across Canada than any other month in the history of the Canadian Real Estate Association’s (CREA) database–which dates back more than 40 years!
+30.5% Home sales are up 30.5% across Canada, with 62,533 units sold in July 2020 compared to 47,924 in July 2019
+10.3% New listings are up 10.3% across Canada, with 84,790 new listings added in July 2020 compared to 76,866 in July 2019
+14.3% The average price of homes sold across Canada in July 2020 was $571,471, up 14.3% from $500,164 in July 2019