Real Estate Prices in Canada Still Going Up

via http://www.inman.com/inmannews.aspx?ID=60137

The Canadian Real Estate Association reported today that a seasonally adjusted 27,630 homes were sold via the Multiple Listing Service in the nation’s major markets in November 2006, down 5.6 percent compared to November 2005 and up 1.5 percent since October 2006.

For the first 11 months of the year, unit sales via the MLS in Canada’s major markets dropped 0.2 percent compared to the same period last year, while the average price of homes for the first 11 months of this year rose 10.7 percent compared to the same period last year.

The seasonally adjusted number of new listings, meanwhile, rose 4.7 percent for the first 11 months of the year compared to the same period last year.

The November 2006 average price, at $257,488 (in U.S. dollars at the current conversion rate) was 9.4 percent higher than the November 2005 average price.

Benjamin Bach is a Real Estate Consultant with Keller Williams Golden Triangle Realty in Kitchener Waterloo dedicated to building wealth for his clients through smart Real Estate investments, and helping people achieve success. If you are interested in how you can start your Real Estate portfolio, or have any questions about buying or selling a home, you can email Benjamin (benjamin AT benjaminbach.com) or reach him at 519 772 4376.

Advertisements

One response to “Real Estate Prices in Canada Still Going Up

  1. definately far better than US housing market.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s