Canadian Real Estate Statistics
Canadian Real Estate Statistics
The affordability survey came a day after the Canadian Real Estate Association said the number of existing homes sold in March was down from a year ago, but continued an upward trend that began in February.
The association, which represents real-estate brokerage firms, also reported that the national average price for homes fell again in March compared with the same month last year.
Sales of existing homes listed with the industry's MLS service totalled 35,225 units across Canada in March. That's 13.5 per cent below actual sales in March 2008, but CREA said it's the smallest year-over-year decline in six months.
The association also noted that, on a seasonally adjusted basis, March sales were seven per cent higher than in February, which was 10.3 per cent above January.
The association said the number of transactions in March was 18 per cent higher than in January, when activity was the lowest in a decade.
The average house price in Canada fell to just under $289,000 - down 7.7 per cent from March 2008 - also the smallest year-to-year decline in six months.
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