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Super family home on mature Promontory street. 2 Storey w/fully finished basement. Spacious kitchen & family rm flooded w/natural light & great views. 4 Bdrms,...
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CANADIAN REAL ESTATE ASSOCIATION
CREA UPDATES RESALE HOUSING FORECAST
OTTAWA – August 16, 2011 – The Canadian Real Estate Association (CREA) has revised its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations for 2011 and 2012.
Overall, sales activity and prices remained stronger than expected in the second quarter. Sales momentum was also better than expected heading into the third quarter. As a result, the 2011 national forecasts for sales activity and average price have been raised slightly.
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BC Home Sales Edge Lower in July
Vancouver, BC – August 11, 2011.
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 12.9 per cent to 6,533 units in July compared to the same month last year. The average MLS® residential price climbed 10 per cent to $540,877 last month compared to July 2010.
“BC home sales edged down 4 per cent from June to July, on a seasonally adjusted basis,” said Cameron Muir, BCREA Chief Economist. “Less frenetic buying activity in Vancouver operated to pull total provincial sales lower.”
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THE CHILLIWACK PROGRESS
HOUSE SALES CLIMBING
Middle and upper-end market perform best, inventory still high.
August 16, 2011
This cold, wet July may have been a washout for local waterslides and campgrounds, but real estate fared well during a month notorious for sluggish home sales.
A total of 179 homes were sold in July for a total of just over $55 million, up considerably from the 144 sales posted in July of 2010, although down slightly from a month earlier.
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Canadian Home Sales Stable in July
Canadian home sales stable in July
OTTAWA – August 16, 2011 – According to statistics1 released today by The Canadian Real Estate Association (CREA), national resale housing activity was stable on a month-to-month basis in July following an uptick in June.
Highlights:
• Sales activity was stable from June to July, but posted a big year-over-year gain due to weakened demand in July 2010.
• Year-to-date sales continue to run in line with the ten-year average.
• The number of newly listed homes inched up by less than one per cent from June to July.
• The national housing market remains firmly entrenched in balanced territory.
• The national average price posted the largest year-over-year gain since April 2010, but was below where it stood in June.
• Upward skewing of the national average price is diminishing due to fewer expensive sales and a declining share of national activity in Vancouver and Toronto.
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