Canada’s housing market, while no longer red-hot, remains on steady ground, according to a report by Royal LePage.
The average price of a home sold in Canada in September was in line with that of a year earlier, even as 19.8 per cent fewer sales were registered.
Housing sales rose in September for a second straight month while average prices reversed the falling trend with a 1.9% increase from August, the Canadian Real Estate Association said Friday.
Total building permit values in the Abbotsford region declined in August, according to the Vancouver Regional Construction Associationâ€™s analysis of todayâ€™s Statistics Canada building permit report.
The Canadian Real Estate Association (CREA) has reached an agreement in principle with the Commissioner of Competition regarding the application before the Competition Tribunal, subject to the approval of CREAâ€™s member boards at a Special General Meeting in St. Johnâ€™s, Newfoundland on October 24, 2010.
After a strong finish to 2009, and a robust first quarter of 2010, housing starts have moderated.
The fall season is shaping up to be a shining success for solar hot water in BC. The Solar Community of Vancouver has increased their incentive offer to homeowners in the city with $4300 now available for solar hot water installations in both new and existing homes.
Vancouver (Canada), with a score of 98%, still remains at the top of the ranking, with only petty crime presenting any difficulties for the city. The city benefits from an excellent infrastructure and, as host to the 2010 winter Olympics and Paralympics, has a wide range of sporting and cultural activities.
Despite the recent slowdown, the International Monetary Fund said Wednesday it still sees Canada will be the leader in economic growth among major industrialized countries this year and next.
The realty firm Re/Max is looking to British Columbia’s high-end home sales as one bellwether for its prediction that provincial real estate markets are settling into a period of stability, according to a forecast released Tuesday.