Latest news with #homeSales
Bloomberg
12 hours ago
- Business
- Bloomberg
Bellway Raises UK Home Sales Guidance After Rise in Deals
Bellway Plc lifted its guidance on home sales after a period of 'improved affordability' supported an uptick in deals over the past few months. The builder said it expected to sell between 8,600 and 8,700 homes in the year through July 2025, up from previous guidance of 'at least 8,500', according to a statement Tuesday. That would be an improvement on the roughly 7,600 homes delivered in the same period a year earlier, but still well below the 10,000-plus homes completed in its final financial year before Covid-19 struck.
CTV News
6 days ago
- Business
- CTV News
Greater Toronto home sales fall 13.3 per cent in May: board
The Toronto Regional Real Estate Board says 6,244 homes were sold in May, down 13.3 per cent year-over-year. A west-end Toronto home for sale is shown in a July 15, 2023 file photo. THE CANADIAN PRESS/Graeme Roy TORONTO — Home sales in the Greater Toronto Area remained weak in May while inventory levels were up — giving more negotiating leverage to potential homebuyers. The Toronto Regional Real Estate Board says 6,244 homes were sold in May, down 13.3 per cent year-over-year. Meanwhile, new listings reached 21,819 last month, up 14 per cent year-over-year. The board's chief information officer Jason Mercer says even as average selling prices and borrowing costs have come down from last year, softening economic confidence is affecting home-buying decisions. Mercer says once households are convinced that trade stability with the United States has been restored, home sales will pick up again. The average selling price decreased four per cent compared with a year earlier to $1,120,879, and the composite benchmark price, meant to represent the typical home, was down 4.5 per cent year-over-year. This report by The Canadian Press was first published June 4, 2025.
CTV News
6 days ago
- Business
- CTV News
Greater Toronto home sales fall 13.3 per cent in May: board
The Toronto Regional Real Estate Board says 6,244 homes were sold in May, down 13.3 per cent year-over-year. A west-end Toronto home for sale is shown in a July 15, 2023 file photo. THE CANADIAN PRESS/Graeme Roy TORONTO — Home sales in the Greater Toronto Area remained weak in May while inventory levels were up — giving more negotiating leverage to potential homebuyers. The Toronto Regional Real Estate Board says 6,244 homes were sold in May, down 13.3 per cent year-over-year. Meanwhile, new listings reached 21,819 last month, up 14 per cent year-over-year. The board's chief information officer Jason Mercer says even as average selling prices and borrowing costs have come down from last year, softening economic confidence is affecting home-buying decisions. Mercer says once households are convinced that trade stability with the United States has been restored, home sales will pick up again. The average selling price decreased four per cent compared with a year earlier to $1,120,879, and the composite benchmark price, meant to represent the typical home, was down 4.5 per cent year-over-year. This report by The Canadian Press was first published June 4, 2025.
CTV News
03-06-2025
- Business
- CTV News
Vancouver home sales continue to weaken; inventory builds: board
A real estate sign is pictured in Vancouver on Tuesday, June, 12, 2018. (Jonathan Hayward / The Canadian Press) VANCOUVER — Vancouver home sales activity fell again in May as buyers continue sitting on the sidelines, the city's real estate board says. Greater Vancouver Realtors says residential sales in the region totalled 2,228 last month, an 18.5 per cent decrease from the same month a year earlier. Sales levels are 30.5 per cent below the 10-year seasonal average. There were 6,620 newly listed properties on the market in May, a 3.9 per cent increase from May 2024, but still 9.3 per cent above the 10-year seasonal average for the month. Greater Vancouver Realtors director of economics and data analytics Andrew Lis says year-to-date sales rank among the slowest to start the year in the past decade. The board says total active listings rose 25.7 per cent year-over-year to 17,094. The composite benchmark price in May was $1,177,100, down 2.9 per cent from a year earlier and 0.6 per cent lower than April. This report by The Canadian Press was first published June 3, 2025.
CTV News
03-06-2025
- Business
- CTV News
Calgary's 5 most expensive homes for sale right now (June 2025)
A look at 1118 Premier Way S.W. in Calgary, Alta. (Mary Lou McCormick homes) The Calgary Real Estate Board says home sales in the city dropped 17 per cent in May compared with last year as economic uncertainty continues to weigh on the housing market, while new listings and inventory were up. The board says 2,568 homes were sold in May. CREB chief economist Ann-Marie Lurie says the recent pullback in sales and a build up of inventory have helped shift the market toward balanced conditions and has taken the pressure off prices. There were 4,842 new listings on the market last month, up 11.6 per cent from a year earlier, as the city's inventory reached 6,740 homes for sale — relatively balanced with 2.6 months of supply. The board says recent inventory gains have created pockets of the market that are struggling with too much supply, while other areas are seeing low levels of inventory compared with demand, causing divergent home prices. The residential benchmark price was $589,900 last month, marking a nearly three per cent decrease from May 2024 levels. Dreaming of owning a lavish new home? Here are the city's five most expensive already-constructed residential homes for sale as of June 2, 2025, according to $13.5M mansion on Crescent Road Calgary home - 732 Crescent Road N.W. Inside 732 Crescent Road N.W. (CIR Realty/Krista Legue) Calgary most expensive home for sale is a mansion sitting on a prestigious stretch of road in the city's northwest. The 8,700-square-foot home was built in 2022 by Maillot Homes and features six total bedrooms (four above grade and two below), 10 bathrooms and three half-baths. Calgary home - 732 Crescent Road N.W. - bar Inside 732 Crescent Road N.W. (CIR Realty/Krista Legue) The home is seated along Crescent Road N.W, in the community of Rosedale, and features an unobstructed view of the city's downtown skyline. The outside of the mansion is clad in white Turkish limestone, while the inside was decorated by Julie Lanctot at Paul Lavoie Interior Design, who took inspiration from Alice in Wonderland. Calgary home - 732 Crescent Road N.W. - living room Inside 732 Crescent Road N.W. (CIR Realty/Krista Legue) The 2.5-storey home is located at 732 Crescent Road N.W. It has been listed on for 18 days. $7.25M Eagle Ridge bungalow 40 Eagle Ridge Place A look at 40 Eagle Ridge Place S.W. in Calgary. ( This gated home in Eagle Ridge sits on a sprawling double lot. Built in 1971, the home has four above-grade bedrooms and one below grade, plus seven bathrooms. 40 Eagle Ridge Place A look at 40 Eagle Ridge Place S.W. in Calgary. ( 'Once you step inside past the hand-chiselled walnut doors, you are greeted by a grand foyer that sets the tone for the splendor that awaits,' states the listing. 'The main rooms are nothing short of magnificent, boasting expansive dimensions and exquisite finishes.' 40 Eagle Ridge Place A look at 40 Eagle Ridge Place S.W. in Calgary. ( The home may be of interest to culinary enthusiasts due to its walk-in cooler, gas cooktop, double ovens and commercial-grade appliances. 'Whether you're hosting a grand gala or preparing an intimate meal for loved ones, this culinary haven is sure to impress.' 40 Eagle Ridge Place S.W. A look at 40 Eagle Ridge Place S.W. in Calgary, Alta. ( The bungalow is located at 40 Eagle Ridge Pl. S.W. It has been listed on for 243 days. $6.5M mansion in Upper Mount Royal 1118 Premier Way SW A look at 1118 Premier Way S.W. in Calgary, Alta. (Mary Lou McCormick homes) This mansion in Upper Mount Royal was built in 2014 and includes five total bedrooms (four above grade and one below grade) and eight total bathrooms (six full and two half-baths). The fully furnished home is 5,098 square feet and, according to the listing on offers 'the ultimate blend of family functionality and elevated entertaining.' 1118 Premier Way SW A look at 1118 Premier Way S.W. in Calgary, Alta. (Mary Lou McCormick homes) 'From the moment you step inside, you're greeted by a dramatic grand staircase set beneath an expansive skylight, flooding the entry with natural light and setting the stage for the architectural elegance found throughout,' states the listing. 1118 Premier Way SW A look at 1118 Premier Way S.W. in Calgary, Alta. (Mary Lou McCormick homes) 'Every space is a masterclass in luxury, designed by renowned interior designer Paul Lavoie and awarded Western Living's Best Home of the Year in 2022.' 1118 Premier Way SW A look at 1118 Premier Way S.W. in Calgary, Alta. (Mary Lou McCormick homes) The two-storey home is located at 1118 Premier Way S.W. It has been listed on for 17 days. $6.3M Bel-Aire estate 1016 Beverley Boulevard SW A look at 1016 Beverley Boulevard S.W. in Calgary, Alta. (MLS/Gary Heald) Nestled into a 0.30-acre lot, this 5,817-square-foot home is surrounded by the Calgary Golf & Country Club, the Glenmore Reservoir and the Elbow River valley. Built in 2003, it has three bedrooms, seven bathrooms and three half-baths. 1016 Beverley Boulevard SW A look at 1016 Beverley Boulevard S.W. in Calgary, Alta. (MLS/Gary Heald) 'This one-of-a-kind estate offers an unparalleled fusion of modern design, natural elements and masterful craftsmanship,' states the listing. The home's outdoor lounge is accessible via multiple sliding glass doors and is accented by two six-foot fireplaces. 1016 Beverley Boulevard SW A look at 1016 Beverley Boulevard S.W. in Calgary, Alta. (MLS/Gary Heald) It has an outdoor pool with a power cover and is next to a covered outdoor kitchen. The estate also has as a state-of-the-art home theatre, a gym and yoga studio, a wine wall and a chef's kitchen with high-end cabinetry and top-tier appliances. It also has a heated front driveway. 1016 Beverley Boulevard SW A look at 1016 Beverley Boulevard S.W. in Calgary, Alta. (MLS/Gary Heald) The two-storey home is located at 1016 Bel-Aire Drive S.W. It has been listed on for 61 days. $6M West Springs mega mansion 980 101 Street S.W. A look at 980 101 Street S.W. in Calgary, Alta. ( This 9,032-square-foot-home sits atop a ridge on the western edge of the city and includes almost 10 acres of land. 'This magnificent custom concrete estate home exceeds all expectations,' says the listing. 980 101 Street S.W. A look at 980 101 Street S.W. in Calgary, Alta. ( It has four bedrooms, nine bathrooms and two half-baths. The concrete castle, built in 2012, also has a home theatre, gym, indoor pool and hot tub, sauna and a five-car garage. 980 101 Street S.W. A look at 980 101 Street S.W. in Calgary, Alta. ( The two-storey home is located at 980 101 St. S.W. It has been listed on for 69 days. 980 101 Street S.W. A look at 980 101 Street S.W. in Calgary, Alta. ( - With files from The Canadian Press
