Posted by: torontocondo | September 19, 2007

Canada’s Real Estate Market shows Strength

Victoria Luxury Real Estate Home

 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.


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