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. Are you looking for a REALTOR® to list your home? Maybe you’re searching for the home of your dreams? Visit a real estate industry-leading website and go to www.century21conexus.ca today. We have trained professionals at locations across Saskatchewan (Regina, Saskatoon, Prince Albert, Moose Jaw) that can help you with all your real estate needs. |