Combination of fewer listings and easing sales activity slows price increases
The pace of starts for multiple-unit housing projects rose, however
The frenzied pace of sales is starting to ease across the country
Sales in Montreal were down 14% from May, while sales in Quebec City were down almost 18%
Despite the slowdown, TREBB has upgraded its annual forecast
Home sales were down 11.9% from the previous quarter
The average price in June was $494,111, down from $510,978 in May
According to a poll from Manulife Bank, 75% of adults in Canada say they can’t afford a home
Sales are expected to reach typical levels through the latter half of 2021 and into 2022
Home prices continue to rise, however, despite the dip in sales