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Staff, with files from The Canadian Press
Canada’s red-hot pandemic housing market continued to cool somewhat in July with sales in both Vancouver and Montreal down from the previous month.
The Real Estate Board of Greater Vancouver said on Wednesday that home sales, listings and prices all declined in July after a frenzied start to 2021, though those numbers were still higher than a year ago.
The board said home sales in the region totalled 3,326 last month, a 6.3% increase from the 3,128 sales recorded last July and an 11.6% drop from the 3,762 homes sold in June.
Montreal home sales and new listings dropped by about 30% each last month, compared with July 2020. The Quebec Professional Association of Real Estate Brokers said the July totals were a continuation of the substantial decreases in sales that began in May, and a signal that the market is returning to pre-pandemic levels.
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