Tuesday, 17 June 2014

Average House Prices up 7.1%

Average house price in Canada rose 7.1% in May

Comparing with same time last year, average house prices in Canada rose 7.1 percent to $416,584 in May, according to Canadian Real Estate Association.

More than that, the real estate market went up 5.9 percent from April to May in terms of volume of sales. This represent the most significant monthly jump in almost four years.

Based on this data, Canadian Real Estate Association upped its forecast for how many homes it expects to be sold this year.
Canadian home sales hit an all-time high of more than 520,000 in 2007. They have remained in a range of either just above 450,000 or just below that level every year since then.


Thursday, 12 June 2014

May 2014 Housing Starts in St. Catharines-Niagara

Housing starts in the St. Catharines-Niagara Census Metropolitan Area (CMA) were trending lower at 1,210 units in May compared to 1,263 in April, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

Preliminary Housing Starts data is also available in English and French at the following link:
Preliminary Housing Starts Tables 

Source: http://dcnonl.com/nw/36387/re