Real estate in Canada: average resale prices, changes in new home prices

The Canadian Real Estate Association says sales rose by 4.5 per cent in January, over figures tallied the month before. CREA notes that sales have advanced by 25 per cent over the low point reached in July 2010. The association says the recent mini-surge was expected after the federal government tightened mortgage rules.

Sellers returned to the market and — while the number of homes listed remains below average — there is little upward pressure on prices.

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Basharat Ali

Basharat Ali

Real Estate Broker
CENTURY 21 Immo-Plus
Contact Me

Blog Archives