Sought-After Neighbourhoods Keep Vancouver and Toronto Housing Market Hot

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.

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