Welcome!

By registering with us, you'll be able to discuss, share and private message with other members of our community.

SignUp Now!

RBC Economic Research - Housing market in Toronto come back to life in June not so in Vancouver

Tina Myrvang

Client Care Lead
Staff member
REIN Member
Joined
Nov 15, 2010
Messages
1,502
We have just released our latest housing commentary entitled "Toronto’s housing market comes back to life in June, not so in Vancouver".

Highlights of the report:

The Toronto and Vancouver markets went in opposite directions in June when it came to home resales. The Toronto Real Estate Board (TREB) this morning reported the first year-over-year increase (2.4%) since March 2017. This contrasted with Vancouver-area resales falling for a fifth consecutive month by 37.7% according to a report released yesterday the Real Estate Board of Greater Vancouver. The same was also true on a month-to-month basis. TREB reported that ‘preliminary’ seasonally adjusted resales climbed by 17.6% between May and June. Our own (rough) estimate of the seasonally-adjusted figure in Vancouver shows a monthly drop of almost 2%. Quite noteworthy was the fact that activity picked up in Toronto’s detached home segment following a year-long string of precipitous declines. In Vancouver, all segments fell sharply with detached homes leading the way with a 42% plunge relative to a year ago.

Link to the full report

To view, print and download the new report, click on the following link:

http://www.rbc.com/economics/economic-reports/pdf/canadian-housing/TREB_REBGV_results_june2018.pdf
 
Top Bottom