Canadian Market is starting to slow down or is it?

Canada’s residential property market is starting to slow down according to new figures from the Canadian Real Estate Association (CREA).

CREA’s March MLS Home Price Index increased by 5.1% year-on-year, same as February’s gain which was the smallest growth since June 2011.

Month-on-month prices rose by 1.3%.

On a city level Peterborough posted a 9.4% increase in March with 245 unit sales compared 224 in March of 2011. Toronto posted the largest year-on-year increase with 7.3%, closely followed by Vancouver with 5.3%.

Looking at total Value of sales in March in Peterborough, there was sales of $60,724,750, March of 2011, sales volume was $57,694,094, giving us a 5.3% increase year-on-year.

Yearly gains were highest amongst two-storey single family homes, with rises of 6.8% year-on-year.

 

Constantine Isslamow | Broker of Record

CENTURY 21 United Realty Inc. Brokerage
387 George Street South, P.O. Box 178
Peterborough Ontario. K9J 6Y8
Direct Line: 705.743.4444 | Fax: 705-743.3702

E-Mail: Constantine.Isslamow@century21.ca

Constantine Isslamow

Constantine Isslamow

Broker of Record
CENTURY 21 United Realty Inc., Brokerage*
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