HOME RATES ABOUT SERVICES VIDEO CONTACT ME TEAM
AGENT LICENSE ID
160000502
Dean Brideau Mortgage Broker

Dean Brideau

Mortgage Broker


Phone:
Address:
324 Champlain, Dieppe, New Brunswick

BROWSE

PARTNERS

COMPLETE

THE SURVEY

REFER

A FRIEND

Housing market continues to moderate in June

16/07/2021

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down between May and June 2021.

Home sales recorded over Canadian MLS® Systems fell by 8.4% month-over month in June 2021, marking the third straight monthly slowdown since activity hit an all-time record back in March. While sales are now down a cumulative 25% from their peak, and below every other month in the last year, June transactions still managed to set a record for that month.

Month-over-month declines in sales activity were once again quite broad-based, with sales moderating in around 80% of all local markets, including almost all large markets across Canada.

The actual (not seasonally adjusted) number of transactions in June 2021 was up 13.6% on a year-over-year basis and marked a new record for that month.

“While there is still a lot of activity in many housing markets across Canada, things have noticeably calmed down in the last few months,” said Cliff Stevenson, Chair of CREA. “There remains a shortage of supply in many parts of the country, but at least there isn’t the same level of competition among buyers we were seeing a few months ago. As these conditions continue to evolve over the summer and fall, your best bet is to consult with your local REALTOR® for information and guidance about buying or selling a home at this stage in the cycle,” continued Stevenson.

MY LENDERS

Scotia Bank TD Bank First National EQ Bank MCAP Merix
Home Trust CMLS Manulife RFA B2B Bank Community Trust
Lifecycle Mortgage ICICI Bank Radius Financial HomeEquity Bank CMI Bridgewater
Sequence Capital Wealth One Fisgard Capital Bloom Financial NationalBank