Canada’s Real Estate Market has shown strength right accross the country from Victoria to Halifax. In fact thyis Real Estate Market is pulling away from other countries like the U.S. and Britain that are both showing signs of weakness recently.
Recently homes in Victoria have been listed at very high prices in excess of $10-million and are being marketed in places like London and Los Angeles. These listings are some of the most expensive in the entire country, even passing Vancouver in housing prices.
Here is the breakdown on average home prices across the rest of Canada.
Victoria:
June 06: $538,913
June 07: $573,415
Vancouver:
June 06: $508,435
June 07: $564,702
Calgary:
June 06: $367,033
June 07: $427,205
Regina:
June 06: $283,655
June 07: $315,352
Toronto:
June 06: $358,035
June 07: $381,983
Ottawa:
June 06:$260,458
June 07: $279,361
Montreal:
June 06: $223,133
June 07: $235,087
Fredericton:
June 06: $136,371
June 07: $153,063
Saint John:
June 06: $127,586
June 07: $144,769
Yellowknife:
June 06: $243,745
June 07: $414,022
National Average:
June 06: $283,655
June 07: $315,332
Source: Canadian Real Estate Association
The Toronto Real Estate market was up 6.7 percent, with Yellowknife climbing to 22.4 percent in average home prices.
Even the National average was up 11.2 percent from June 06 to June 07. Perhaps now is the time to consider the Real Estate Market in Canada.
Current Toronto listings and prices can be found on my Toronto Real Estate website.
