Canadian home sales post small decline from July to August
Home sales recorded over Canadian MLS® Systems edged down a slight 1% between July and August 2022. While this was the sixth consecutive month-over-month decline in housing activity, it was the smallest of the six as the national sales slowdown triggered by rising interest rates continues to moderate.
It was close to an even split between the number of markets where sales were up and those where sales were down. Gains were led by the Greater Toronto Area (GTA) and a large regional mix of other Ontario markets. These were offset by declines in Greater Vancouver, Calgary, Edmonton, Winnipeg, and Halifax-Dartmouth.
The actual (not seasonally adjusted) number of transactions in August 2022 came in 24.7% below the same month last year. While still a large decline, it was smaller than the 29.4% year-over-year drop recorded in July.
“August saw national sales hold steady month-to-month for the first time since February which, along with a stabilization of demand/supply conditions in many markets, could be an early sign that this year’s sharp adjustment in housing markets across Canada may have mostly run its course,” said Jill Oudil, Chair of CREA. “That said, some buyers may choose to remain on the sidelines until they see clearer signs of borrowing costs and prices also stabilizing. As the market continues to evolve, your best bet is to contact your local REALTOR® for information and guidance about how to navigate this rapidly changing environment,” continued Oudil.
https://www.crea.ca/media-hub/news/canadian-home-sales-post-small-decline-from-july-to-august/
How to get your house organized this fall
| How to get your house organized this fall (NC) There’s something about the fresh autumn air, changing leaves and kids settling into schoolyard rhythms that make many of us feel like it’s time to restore order to the home. Here are some steps to remember for an easy and comprehensive clean out. Review your systems Everyone has their own way of organizing; maybe your method was a set of rules you learned from your parents, or maybe you developed a haphazard process out of sheer necessity. Either way, take some time to evaluate what’s working for you now and what isn’t doing you any favours at this point in your life. You may be surprised at how much better your system becomes. Cut down on the clutter The less stuff you have, the less messy things can get, and the less you must clean and organize. So, take stock of what you own and what you need, and then get rid of what you don’t want or require. While a family with young kids will amass more stuff than a retiree who lives on their own, the principle remains the same and can make organizing easier in the long run. Don’t forget your digital life It’s easy to miss organizing the intangible aspects of the home like your online accounts or the apps on your phone. Regularly taking the time to check on your accounts, update any weak or repeated passwords, and update your software and operating systems will help protect you from cyber threats like phishing. Find more information at GetCyberSafe.ca. www.newscanada.com |
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