Harbourwalk Condos by Tridel.The average house price in Canada is nearly 400000. Canadian home sales (seasonally adjusted) fell 1.8% in December from November, the third consecutive month of monthly sales decline.Please Visit: Harbourwalk Condos by Tridel to Get Your VVIP Registration Today!
However, real home sales in December were 12.9% higher than a year ago. The Canadian real estate market is in balance between supply and demand. House prices in Vancouver and Toronto have risen sharply, leading to Canadian house prices.
The Canadian Real Estate Association (CREA) reported on January 15 that home sales in Canada in December (seasonally adjusted) were 1.8% lower than in November, the third consecutive month of monthly sales decline. However, real home sales in December were 12.9% higher than a year ago. The Canadian real estate market is in balance between supply and demand. House prices in Vancouver and Toronto have risen sharply, leading to Canadian house prices.
In December, the average price of Canadian home sales was $389119 (2.153 million yuan), up 10.4% from a year ago. The MLS house price index HPI rose 4.3 per cent in December from November. The Globe and Mail reported that house prices rose 12.9% in December, outpacing economists, while Bank of Montreal economist Sal Guatieri had previously grown by 7%.
House prices in Vancouver and Toronto rose sharply in December, leading to house prices, CREA said. Excluding house price growth in Vancouver and Toronto, the average price of home sales in December was only 4.6% higher than a year earlier. The average house price in Vancouver in December was $683, 875, nearly 15% higher than a year ago. The average house price in Toronto in December was $487, which is 8.7% higher than a year ago.
CREA reported that home sales in 70 per cent of Canadian cities in December exceeded the level of a year ago. Home sales increased significantly in Vancouver Fraser Valley Calgary Edmonton Toronto and Hamilton-Burlington. However, compared with November, home sales fell in 60% of cities, including Calgary, Edmonton and Toronto.
In December, the number of new homes listed on the market was 4.3% lower than in November, and the ratio of home sales to new home listings was 53.6%, indicating that the Canadian real estate market is in balance between supply and demand (the equilibrium ratio is 40%, 60%), CREA said.
457893 homes were sold in Canada, up 0.8 per cent from 2012. Economists in early 2013, Canadian home sales in 2013 will be below 2012 of the sales level.
CREA economist Gregory Klump said that if the federal government does not implement further mortgage tightening policies, based on the current strengthening economic and job growth, Canadian real estate growth this year will exceed 2013.
