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