Existing Home Sale Prices rise across Canada

According to the Canadian Real Estate Association (CREA), listed existing homes recorded their best December ever as the recovery in the Canadian housing market sales climbed 7.7 per cent last year from 2008.  

There were a total of 27,744 units sold across Canada in December, up 72 per cent from a year earlier.

Average sale price of existing homes over a one year period throughout Canada:

Province

December 2009

December 2008

BC

495,903

429,210

Alberta

350,896

328,082

Saskatchewan

240,271

220,351

Manitoba

201,722

180,403

Ontario

331,410

280,049

Quebec

235,904

217,716

New Brunswick

148,559

141,648

Prince Edward Island

131,227

161,050

Nova Scotia

200,194

182,638

Newfoundland

231,107

205,805

 

 

 

 

 

 

 

 Due to low interest rates, the CREA forecasts that the national home sales activity is expected to remain strong in the first half of 2010.  Although interest rates are expected to rise, they will still be low enough to keep affordability within reach for many homebuyers requiring mortgage financing, and support overall housing demand.

David Calyniuk Jr.

David Calyniuk Jr.

REALTORĀ®
CENTURY 21 Fusion
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