Ajax pre construction condos . The housing market defied the sharp rise in the epidemic. According to data just released by the Canadian Real Estate Association (CREA), both home sales and house prices rose in September, with home sales up 45.6% from a year earlier, a record for this month’s transactions.
Home sales also rose 0.9 per cent on a seasonally adjusted basis compared with August, when trading was active.
The association said the national average house price broke through the 600000 mark in September, reaching $604, 000, up 17.5% from a year earlier.
In other words, in the past September, the Canadian market completely ignored the impact and impact of the epidemic, breaking both sales and prices.
September was also the busiest September on record, with a net increase of 20000 units over September 2019, almost equivalent to the one-month sales in December in the usual year, according to the CREA report.
So far this year, the number of housing transactions in Canada has reached 402578, an increase of 5.8 per cent over the first nine months of last year.
The group, which represents 130000 Canadian real estate agents, said that although house prices in Ontario and BC have risen significantly over the past year, they are not the two provinces with the biggest increases.
Across Canada, house prices in the two Atlantic provinces, New Brunswick and Nova Scotia, surpassed Ontario, by 31.36% and 21.15%, respectively. Prince Edward Island, which is also the Atlantic province behind Ontario, has also grown by more than 18% a year.
Those with an increase of less than 10% were the three prairie provinces, as well as Newfoundland and Labrador, both Atlantic provinces.
However, if you exclude the two most active and expensive metropolitan areas in the country, Greater Windsor and most areas, the national average price will be reduced by about C $125000, CREA said.
But even excluding these two markets, the average price of a house sold in Canada last month was C $479000, CREA said. In fact, the increase to this figure is even higher than the national average, with an increase of more than 20% over the past year.
