Marta B.  Restrepo

Marta B. Restrepo

Real Estate Broker

FIRST CHOICE REALTY ONTARIO LTD., BROKERAGE*

Mobile:
(613) 600-2490
Office:
(855) 728-9846
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Housing Market Report

Canadian Housing Markets Set Multiple Records in July 2020

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and new listings continued to rebound in July 2020, with new listings hitting their highest level on record for the month of July, while sales posted the highest level of any month in history.

Home sales recorded over Canadian MLS® Systems rebounded by a further 26% in July 2020, raising them to the highest monthly level ever recorded.

“With more and more of regular everyday life opening back up, REALTORS® and their clients across Canada are making up for lost time, and it’s been a very busy summer as a result,” stated Costa Poulopoulos, Chair of CREA. “With sellers and buyers returning to the market in record numbers as lockdowns are increasingly lifted, we continue to make sure clients stay safe by complying with government and health officials’ directives and advice, while continuing to use virtual technology to show properties and complete required forms and contracts. Now more importantly than ever, REALTORS® remain the best source for information and guidance when negotiating the sale or purchase of a home.”

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