Home Sales In Toronto And Vancouver Fell Further In July As Interest Rates Rose
Housing markets in Toronto and Vancouver weakened further in July, with home sales and prices falling for another month as mortgages become more difficult to get and buyers wait to see how low prices can go. In the Toronto area, home resales fell 47 per cent in July compared to the same month last year and were down 7.3 per cent from June on a seasonally adjusted basis, according to the Toronto Regional Real Estate Board (TRREB)....