Hi, I am YAN ZHOU. In July 2023, the Greater Toronto Area (GTA) experienced a notable increase in home sales, new listings, and home prices compared to the same month in 2022. The market also showed a more balanced trend on a seasonally adjusted basis, with sales slowing down slightly while new listings rose.
According to Toronto Regional Real Estate Board (TRREB) President Paul Baron, the sustained high level of home sales in July suggests that many households have adapted to the higher borrowing costs. However, the sales momentum seen earlier in the spring has somewhat stalled since the Bank of Canada initiated its rate tightening cycle in June. Additionally, the limited number of listings available for purchase has compounded the impact of higher interest rates.
During July 2023, GTA REALTORS® reported a total of 5,250 sales through TRREB’s MLS® System, representing a 7.8 percent increase compared to July 2022. New listings also rose during the same period, with an even greater annual rate of 11.5 percent. The MLS® Home Price Index Composite benchmark saw a year-over-year increase of 1.3 percent, while the average selling price rose by 4.2 percent to reach $1,118,374.
On a seasonally adjusted monthly basis, sales declined for the second consecutive month, while new listings continued to increase. The seasonally adjusted average selling price showed a slight decrease, whereas the MLS® HPI Composite benchmark increased slightly.
TRREB Chief Market Analyst Jason Mercer attributed the recent fluctuations in home sales to uncertainties surrounding borrowing costs, job prospects, and the overall economy. He anticipated that demand for homeownership would remain strong in the long run due to record population growth. However, some potential homebuyers might remain cautious until there is more clarity regarding monetary policy and economic conditions.
TRREB CEO John DiMichele highlighted the challenge posed by a misalignment in public policy concerning housing. While the federal government plans to welcome high levels of immigration in the future, there has been little tangible progress in creating sufficient ownership and rental housing to accommodate this growth. He emphasized the importance of addressing this issue collaboratively among all three levels of government to ensure sustainable economic development and affordable living opportunities for the growing population.
以下是对上述内容的中文翻译：
您好， 我是周彦。2023年7月，大多伦多地区（GTA）的房屋销售量、新房上市数量和房价与2022年7月相比都有所增长。经季节调整后，市场在7月相比6月更加平衡，销售有所下降，而新房上市量增加。
据多伦多地区房地产委员会（TRREB）主席保罗·巴伦表示，7月持续高位的房屋销售表明许多家庭已经适应了更高的借贷成本。然而，自从加拿大银行在6月重新启动加息周期以来，春季早期经历的销售势头有些停滞。此外，相对于往年，供应的房源数量不足也加剧了利率上涨的影响。
在2023年7月，GTA房地产经纪人通过TRREB的MLS®系统报告了5250套房屋销售，较2022年7月增长了7.8％。在同一时期，新房上市量也增加，同比增长11.5％。MLS®房价指数综合基准同比增长了1.3％，而平均售价也同比上涨了4.2％，达到1118374加元。
按季节调整的月度基础上，销售量连续第二个月下降，而新房上市量持续增加。季节调整后的平均售价略有下降，而MLS®指数综合基准略有上涨。
TRREB首席市场分析师杰森·默瑟表示，房屋销售近两个月受到了有关借贷成本、就业和整体经济前景的不确定性的影响。他预计，由于人口增长创下记录，未来对住房的需求将保持强劲。然而，一些潜在购房者可能会在货币政策和经济状况更加明朗之前保持谨慎态度。
TRREB首席执行官约翰·迪米切勒强调了公共政策在住房领域存在的不匹配问题。尽管联邦政府计划在未来迎接大量移民，但在创造足够的住房以适应这种增长方面进展甚微。他强调必须通过各级政府的合作来解决这个问题，以确保人口的持续增长与经济发展的可持续性，同时为不断增长的人口提供负担得起的居住机会。
