If you want to successfully sell your own property, you have to put in the effort!
When home prices soar, the cost of selling a home also rises. Over the past year-plus of low interest rate-fuelled real estate insanity, one of the fastest-rising costs has been commissions paid to sellers’ listing agents.
We have seen market activity transition from a record pace to a robust pace over the last three months. While this could provide some relief for home buyers in the near term, a resumption of population growth based on immigration is only months away and the only long term solution to affordability is increasing supply.
Statistics released by the Canadian Real Estate Association (CREA) show national home sales were down between May and June 2021.
National home sales declined by 8.4% on a month-over-month basis in June.
Wishing all those celebrating a very Happy, Prosperous and Blessed Eid!
The price of the average Canadian home that sold in June was $679,000, an increase of 25 per cent in the past year. While sales have risen sharply, too, both figures were lower last month than in the month before.
The Canadian Real Estate Association (CREA) said in a release Thursday that home sales have now fallen for three months in a row after setting an all-time high in March 2021.
Condo prices in the GTA increased by 44% since the 2017 housing peak, a trend that is in line with the opinion of most who blieve that Canada is currently labouring under a property bubble.
