Softer detached housing values prompt new round of home-buying activity in hot pockets of Greater Vancouver and Greater Toronto housing markets
Q2 detached home sales up in 40% of GTA pockets, 31% of GVA, compared to Q1
While detached housing values show substantial year-over-year gains in the first half of 2022, successive increases to the Bank of Canada’s (BOC) overnight rate put a damper on price appreciation in the second quarter of the year in regions across the Greater Vancouver and Greater Toronto housing market, according to a report released today by RE/MAX Canada.