Home Prices Set New Record High, Sales Surpass Pre-COVID Levels

Author: External Author | | Categories: Debt Consolidation , First Time Buyer Mortgage , Investment Property , Mortgage Broker , Mortgage Pre-Approval , Mortgage Rates , Mortgage Refinancing , Mortgage Services

Continuing the upward trend that started in June, home sales bounced back to pre-COVID levels in July, soaring 30.5% year-over-year.

Home prices, too, set a new record high of $571,500, a 14.3% increase from July 2019, the Canadian Real Estate Association reported on Monday. Excluding the higher-priced markets of Toronto and Vancouver, the national average would be $454,500.

Read More

Original Article Source Credits: CANADIAN MORTGAGE TRENDS . https://www.canadianmortgagetrends.com/

Article Written By: Steve Huebl

Original Article Posted on: August 17, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/08/home-prices-set-new-record-high-sales-surpass-pre-covid-levels/