Posted by: torontocondo | November 16, 2012

October Home Price Unchanged In Canada

Toronto Waterfront Condos

A recent report from the Canadian Real Estate Association (CREA) says the number of homes sold in October was down slightly from September showing a continuing trend begun with the latest mortgage reforms.

The average resale home price in Canada was unchanged from last year standing at $361,516.

CREA reported that the national statistics do not show the entire story with larger Real Estate Markets like Toronto and Vancouver distorting the averages.

It was noted that Real Estate transactions were up in two-thirds of all markets with Calgary leading the advances while Toronto, Montreal and Vancouver falling from October 2011 levels.

CREA also noted Alberta and Saskatchewan were gaining strength and other traditionally hot Real Estate Markets starting to cool.

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