September 2019

Found 1 blog entry for September 2019.

 

Sales of single-family homes in August board-wide dipped by 11 per cent year over year and were nine per cent lower than in July. Last month, 413 single-family homes sold on the Multiple Listing Service® (MLS®) System compared to 453 the previous month and 463 in August 2018. Year-over-year sales of apartments and townhouses dropped by 28 per cent and 25 per cent, respectively. REALTORS® are reporting that VIREB’s housing market is adjusting somewhat as buyers adapt to the restrictions imposed by the B-20 stress test and sellers curb the expectations formed during the booming markets of 2016 and 2017 and, to a lesser extent, 2018.

 In the VIREB area, inventory of single-family homes in August rose by 11 per cent from one year ago (1,343 to

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