register | confirm account | forgot password
Anu Khullar - RE/MAX River City
301, 10171 Sask. Dr. , Edmonton, Alberta
P: 780-439-7000
F: 866-293-5424

Wednesday, October 13, 2010 - Sales Activity Up

Housing activity picks up in August

Wednesday, September 15, 2010

Tavia Grant

National resale housing activity picked up in August, the first increase in nearly half a year, while monthly prices fell.
Home sales rose 4.1 per cent from the previous month on a seasonally-adjusted basis, the Canadian Real Estate Association said Wednesday. Resale prices fell in the month, to $324,928 in August from $330,351 in July, and are little changed from last year.
The report comes as several measures of the housing market, from home prices to housing starts and – prior to today’s report – resale activity, have slowed from a blistering start to the year. The market will likely continue to soften, the association said.
“Rising interest rates and a projected slowdown in job growth mean that the Canadian housing market is expected to continue to cool,” said Georges Pahud, CREA’s president.
The market appears to have picked up in August after a lull. Much of the resale gains stemmed from busier activity in Ontario and British Columbia. In more than half of all local markets, activity either rose or was stable. New listings rose 1.6 per cent in August from July, though they remain below their peak.
Average prices eased in Alberta and New Brunswick in August, but gained in every other province. “Increases are shrinking in Canada’s most active and priciest markets,” the report said.
Transactions have risen 2.2 per cent in the first eight months of this year compared to the same period last year.

posted in News at Wed, 13 Oct 2010 15:31:42 +0000

iPhone MLS® Search
Button advertising your iPhone site
MLS® on your iPhone
MLS® Search Button
Button advertising your MLS® Search page
Map-based MLS® Search
Recent Blog Entries
Displays summaries of most recent blog items
Recent Blog Entries
Canada's Mortgage Rules Tightening - Jul 4, 2012

Effective July 9, 2012, the rules for government-backed insured mortgages will tighten in ...

Ice on Whyte festival - Jan. 12-22, 2012 - Jan 9, 2012

Join dozens of ice carvers as they descend on Edmonton this January for a sparkling tribute to the ...

The hot real estate topics for holiday parties 2012 - Nov 30, 2011

Want to be the one in the know at this year's holiday parties?  Well here are our hot topics with ...

November 2011 - Preferred Newsletter - Nov 30, 2011

How is your Christmas Shopping coming along? Still time to buy a new home for the best present ...

October 2011 - Preferred Newsletter - Nov 11, 2011

Ready for winter?Still hard to believe that winter and Christmas are right around the corner with ...

Data last Updated: 2021-03-01 at 16:52:18 GMT America/Edmonton
This site's content is the responsibility of Anu Khullar, licensed REALTOR® in the Province of Alberta.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2021, All Rights Reserved | Privacy Policy | Mobile Site | REALTOR® Websites by RealPageMaker