Prices top $300,000 in Canada

The average resale price for agent-listed homes in Canada surpassed $300,000 for the first time last month. The Canadian Real Estate Association said yesterday. The average price of a home listed through the Multiple Listing Service rose 9.3%, year-over-year, to $305,542 in April. Record highs were established in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and Nova Scotia.

The seasonally adjusted sales rate in April was a record 43,643, 0.6% higher than the previous record set in January and up 1.5% from March. Gregory Klump, the CREA’s chief economist, said
strong employment and stable interest rates are underlying factors in Canada’s robust housing market.

National Post
Wed 30 May 2007

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Published in: on June 7, 2007 at 5:11 pm  Comments (1)