The national resale home activity in Canada continues to return to more normal levels according to the Canadian Real Estate Association(CREA) who recorded the fourth consecutive month of rising home sales.
Home sales activity increased in 66 per cent of all Real Estate Markets across Canada including eight of Canada's most active markets.
Increases in resale home activity were as follows:
- Calgary, up 2.6%
- Edmonton, up 6.9%
- Fraser Valley, up 10.5%
- London & St Thomas, up 6.5%
- Montreal, up 8.2%
- Ottawa, up 4.2%
- Toronto, up 6%
- Greater Vancouver, up 11.3%
The national average price for all resale homes sold in November 2010, was $344,268, up 2% from November 2009.
Next year we are likely to see softer housing activity and average price growth due to weakening economic growth prospects according to CREA.
Related:
Toronto Real Estate Mid-December Results
Toronto Downtown Condos Central
Posts
