Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Investing.com -- Canadian existing home sales increased 3.8% month-over-month in July, according to data from the Canadian Real Estate Association (CREA).
The MLS benchmark home price remained unchanged from June, though it showed a 3.5% decrease compared to July 2024.
The average home price across Canada rose 1.3% from the previous month to C$687,016, representing a slight 0.6% increase year-over-year.
Toronto led the gains with existing home sales jumping 13% from June and 13.2% compared to July last year.
The average price in Toronto edged up 0.3% month-over-month to C$1,069,511, though it remained 5% lower than a year ago.
Vancouver also showed strength with sales increasing 8.6% from June, despite being down 1.7% compared to July 2024.
The average home price in Vancouver held steady at C$1,251,729, which is 3.6% lower than the same period last year.
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