Real Estate in Canada: average resale prices, changes in new home prices
The steam is definitely out of Canada's real estate market, according to figures released by the Canadian Real state Association. Sales in June were off 8.9 per cent from May and down almost 20 per cent from June 2009. Prices were up 4.9 per cent per cent from June of last year. But the the rate of growth in prices has slowed down substantially.
As well, the number of new listings continues to surge. On average, there is a 6.9 month supply of homes on the market across the country.
As well, the number of new listings continues to surge. On average, there is a 6.9 month supply of homes on the market across the country.
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1 comment:
Is crazy that even Canada real estate is suffering. After all their economy is coming back faster than the U.S..
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