Second Half Sales shows slowing down in the Canadian Real Estate Market


Resale Homes Through MLS®:

2,732 sales through the Multiple Listing Service® (MLS®) during the first two weeks of August 2010. Showed  29 per cent decrease compared to the 3,832 sales  during the same period in 2009. New listings, at 4,770 were down eight per cent compared to the first two weeks of August 2009.

The average price for August mid-month transactions was $412,934 – up eight per cent compared to the average of $383,796 recorded during the first 14 days of August 2009.

New Home Market Report from RealNet

Slow start to second half of 2010...

According to the figures declared by RealNet, The second half of 2010, a slow start for new home sales with the lowest July total of the past 11 years. There were 1,900 total new home sales in July, 37% less than the second lowest July total back in 2000 and a 42% drop from July of last year. The biggest year-over-year decline was in Low Rise sales, which fell to 678 from 1,924 in July 2009, while High Rise sales declined slightly from 1,358 in July 2009 to 1,222 this year.



Jayesh Bhavsar

Jayesh Bhavsar

CENTURY 21 New Star Realty Inc., Brokerage*
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