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However, real estate outshines others, falling sharply only in March and April, when the first wave of the epidemic was serious, and then rebounding steadily. In the past December, sales and house prices in major cities both rose. Some industry insiders sighed that the epidemic not only did not destroy the real estate industry, but seemed to become a good medicine for the market.
According to a monthly report released today by the Real Estate Association of Quancan real estate agents, housing sales in Canada rose 47.2% in December from a year earlier, the largest year-on-year increase in monthly sales in 11 years. Sales in December were up 7.2% compared with the previous month, November.
Even with the COVID-19 epidemic, Canada sold 551392 homes in 2020, an increase of 12.6 percent over 2019 and a new annual record, amid tighter public health restrictions.
In terms of house prices, the average house price in Canada reached a record $607280 in December, up 17.1% from the last month of 2019.
If the two most active and expensive markets, Greater Vancouver and Greater Toronto, are excluded, the national average price will be reduced by nearly $130000.
Among the major Canadian cities, the largest increase in house prices is likely to be in the Greater Toronto area. In December last year, the number of housing transactions in the Da Dolan area reached 7180, up 64.5% from 4364 in the same period last year. The average selling price rose 11.2% from a year earlier, with a net increase of nearly 100000 yuan in one year to 932222 yuan.
A total of 95151 houses were sold in most areas in 2020, an increase of 8.4 per cent over 2019. For the whole of last year, the average selling price of all kinds of houses rose to $929, 699, an increase of 13.5%.
Regionally, the market with the biggest price increases (up more than 30%) is in small towns and bungalow communities in Ontario. The second is the satellite towns around Toronto. House prices in Windsor, in southern Ontario, rose 35% to $453479 in 2020.
The situation is similar in Vancouver, another hot market, where home sales hit an all-time high in December, although house prices rose less than Toronto, up 5.4% from a year earlier, compared with a benchmark price of $1.047 million.
Home prices in BC and Prairie provinces rose 5 to 10 per cent year-on-year, while those in Alberta rose by less than 3 per cent.