Canada Real Estate Roundup
by Maggie Chandler on December 22, 2008
in Uncategorized
Montreal, Newfoundland and Halifax are experiencing rising prices, all other metro areas in Canada are doing the reverse.
Canadian home sales will stabilize in 2009 after a double-digit drop this year, while prices will edge down slightly following this year’s single-digit decline, according to a national real estate firm.
This from Canada.com “Nationally, 440,000 homes are expected to change hands in 2008, down 15 per cent from record 2007 levels,” Re/Max forecast Wednesday. “Canadian housing values are expected to hover at $300,000, a nominal three per cent decline from last year’s historic peak.”Sales are expected to drop further in the early part of 2009 before recovering by the end of the year at the 440,000 level, Re/Max said. However, the average price is expected to slip by two per cent to an average of $293,000, it said.The outlook is for “somewhat static” activity in the first six to nine months of 2009, given continued volatility in financial markets and the threat of recession. However, as stability returns to the financial sector, housing markets are expected to recover.
Vancouver - prices down according to Vancouverreflections
Victoria/Sooke - prices down according to 642blog.ca
Edmonton - prices down according to TheEdmontonRealEstateBlog
Calgary- prices down according to TheCalgaryRealEstateBlog
Saskatoon - prices down according to SaskatoonOnLine
Winnipeg -report not posted yet , according to WinnipegRealEstateBlo
Toronto - prices down according to MoveSmartly
Mississagua - prices down according to MississaugaRealEstateHomes
Collingwood-BlueMountain - prices flot according to CollingwoodBlueMountain RealEstateBlog
Montreal - prices up according to MontrealRealEstateBlog
New Brunswick - prices down according to MonctonRealEstateBlog
Halifax - prices up according to HalifaxRealEstateBlog
Newfoundland - prices up according to StJohn’sRealEstateOnline
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when you’re ready to buy or sell Vancouver real estate, contact Maggie Chandler, an experienced realtor marketing homes since 1981
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