- The Toronto Real Estate Board says home sales hit an all-time high last month, providing more evidence of divergence in Canada’s most-watched housing markets. The board said 9,768 homes changed hands in October, marking an 11.5-per-cent gain compared with the same month last year, according to data released on Thursday.
Vancouver home sales drop nearly 40% in October - Three months after B.C.’s foreign homebuyer tax came into effect, Vancouver home sales plunged 39 per cent in October compared to the same month last year. BNN’s Greg Bonnell has the details.
- There was some relief on the inventory front in October, albeit by the slimmest of margins. New listings rose 0.9 per cent in the month; however, total active listings plunged 34.7 per cent from the previous year. The annual drop in inventory, combined with the surge in sales, helped drive up the average selling price 21.1 per cent to $762,975.
- Three months after B.C.’s foreign homebuyer tax came into effect, Vancouver home sales plunged 39 per cent in October compared to the same month last year. BNN’s Greg Bonnell has the details.
Source: BNN
