Home Sales Up in Türkiye and Canada
Home Sales Up in Türkiye and Canada
Home Sales Up in Türkiye and Canada
News summary

In Türkiye, home sales increased by 9.9% in August compared to the previous year, marking the second consecutive month of growth. Most sales occurred in Istanbul, with significant contributions from Ankara and İzmir. However, sales to foreigners dropped by 26.2%, with Russians being the largest group of buyers. Meanwhile, in Canada, home sales saw a modest 1.3% month-over-month increase in August, reaching their highest levels since January, despite being 2.1% lower than last year. The Canadian Real Estate Association noted that the market remains in a holding pattern, awaiting further interest rate cuts from the Bank of Canada. The national average home price in Canada remained nearly unchanged from last year, influenced by a persistent housing shortage.

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0319a078-c5a7-4188-95f2-60cb4be32cc671639883-fbbd-48af-8cc3-393f63e7b2ef37a048d0-d1c3-4045-a275-fea6b8818300
Left 67%
Right 33%
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3
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1
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Last Updated
10 min ago
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