February 20, 2013
Fewer homes sold last month than January 2012 but average price up two per cent
The Canadian Real Estate Association says the number of homes sold by its members last month was down 5.2 per cent from January 2012, although about half of the country's local markets saw an improvement from December.
The January national average sales price compiled by the industry group was $354,754, up two per cent from a year.
CREA says sales in the ultra-expensive Vancouver area were down year-to-year, skewing the national averages.
Excluding Vancouver from the mix, CREA's national average price would have been up 3.3 per cent.
Vancouver and Toronto were among the local markets that saw improved sales activity last month, compared with December.
In the Greater Toronto area, there was a month-to-month increase of 5.6 per cent and in the Greater Vancouver area the increase was 4.7 per cent.
Among the cities with softer sales were Ottawa, the Fraser Valley in B.C.'s Lower Mainland, Montreal, Regina, London and St. Thomas in southwestern Ontario and Calgary.
News from © Canadian Press Enterprises Inc., 2013
|MOST POPULAR STORIES|
|TODAY’S TOP CONSTRUCTION PROJECTS|
These projects have been selected from 479 projects with a total value of $1,224,678,004 that Reed Construction Data Building Reports reported on Wednesday.
$31,000,000 Richmond Hill ON Negotiated
$30,000,000 Brampton ON Tenders
$30,000,000 Mississauga ON Negotiated
- Having a blast on the job — demo with finesse
- Does a roadmap to a sustainable future exist?
- Work complete on South Kent Wind project
- Draft standard for snow loads on buildings in northern Canada open for feedback
- Community murals brighten up construction hoarding on TTC projects
- Protecting endangered species a focus on Highway 15 work
- Intricate demolition saves venerable newspaper building façade
- London Roundhouse project takes selective demolition to high art
- London hospital tear down not your average demo
- Strategic demolition repurposes Bowater Mersey paper plant
- Barn razing: demolition of Charlottetown racehorse stables
- Incarceration gives way to innovation at Bridgepoint
- Breaking good: National Demolition Association updates safety manual
- Droppings responsible for respiratory illness at Quebec demolition site
- Innovative storm water solution under Denison Road
- Journal of Commerce Preview for the week of April 28th, 2014
- Merit Contractors Association president announces retirement
- Truss Lift
- B.C. government reverses sweet gas deregulation
- CCA looking to engage Aboriginal communities with new taskforce
- Pembina Pipelines building regional headquarters in Alberta
- Biomaterials growing on construction
- Manitoba town is a design showcase
- Saskatchewan wind project moves forward
- Suncor worker death investigated
- Olympic builders return to the job