Home sales in the southwest Ontario market of Grey Bruce Owen Sound hit a new high in August with real estate agents selling 358 units, up 36.6 per cent year-over-year.
The previous record of 350 for the month was smashed while year-to-date sales increased 18 per cent to 2,087 putting 2016 on course to be the area’s best year for sales ever.
The 360 members of the Realtors Association of Grey Bruce Owen Sound were under pressure from a sharp decrease in active listings which were down 40.2 per cent year-over-year; new listings were down 17.5 per cent from August 2015.
Average prices of homes sold also reached new records with a 9.4 per cent rise from August 2015 to $266,804.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
More market watch: