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 527 projects with a total value of $1,552,331,732 that Reed Construction Data Building Reports reported on Friday.
$120,000,000 Oakville ON Tenders
$48,225,000 Etobicoke ON Prebid
$40,000,000 Ottawa ON Negotiated
- CCA96th: Unlocking Canada's Potential
- VIDEO: LiUNA Local 183 Training Centre introduces new programs
- Wins delivered on infrastructure front: Rizzardo
- Behind the Velodrome’s Veil
- Ontario’s prompt payment bill needs work but supported
- Southwest L-evation
- Post-bid clarifications make feds liable for bid repair
- Panama Construction Fact for Today
- Ritchie Bros. hold first Canadian auction of 2014
- Skilled labour needs changing in Saskatchewan
- Quebec’s construction momentum ebbs after 15 years of expansion
- VIDEO: Canadian Construction Association conference Panama preview
- Concerns raised about P3 approach for Saskatchewan schools
- Journal of Commerce Preview for the week of March 10th, 2014
- Wood Design Awards
- Lone bidder prepares P3 proposal for Alberta schools
- Outgoing chair reflects on time at the helm of the CCA
- School board asks for traditional procurement
- Site Services in Vancouver
- Looking to improve contract awards
- Environmental verdict riles Taseko
- Prentice to mediate First Nations agreements
- CAWIC funded to create action plan to attract women
- More video surveillance used on construction sites
- Modular workforce housing meets Alberta Building Code standard
- Manitoba outlines infrastructure plan
- BC Hydro posts RFQ for Site C project