AGP Executive Report
Last update: 10 hours agoGTA Housing Update: TRREB says June home sales in the Greater Toronto Area rose 9.4% year over year as new listings fell 12.9%, but prices still slid (Toronto benchmark down 4.3%, York Region down 7.3%), with expectations that tighter conditions could support renewed price growth in the second half. Land & Listings Watch: Perth’s supply jumped to 6,121 properties for sale (end of June), the most in three years, yet demand cooled as buyers reacted to budget and tax uncertainty. Policy & Affordability: California REALTORS® helped stop AB 736, a proposal that would have pushed local transfer taxes higher on property sales, arguing it would worsen affordability. Development Pipeline: Singapore’s URA launched a tender for the first Jurong Lake District plot at Town Hall Link, targeting a mixed-use site with homes/serviced apartments plus offices and retail. Compliance for Agents: PEXA Clear rolled out an AML/CTF tool for property professionals as AUSTRAC rules take effect, aiming to streamline repeated customer data requests. Receivership Risk: Canada’s National Bank is seeking a receiver for a Vancouver coworking property tied to a roughly $14M debt. Auction Spotlight (UK): A Wisbech three-bed needing modernization is set for online auction July 23, with “keen interest” expected.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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Pseudo-journalism: Pink-slime
