Canadian Real Estate home sale MLS stats for July 2008
Today I will be looking at other provinces and how their Real Estate Markets are performing. I have created a table to show you the average prices in all provinces in Canada. This will give you an idea of what markets are hot and what markets are cold.
|
Province |
Average Sale Price July 07 |
Average Sale Price July 08 |
|
Newfoundland |
$152,718 |
$181,269 |
|
Nova Scotia |
$182,267 |
$192,160 |
|
PEI |
$136,469 |
$145,852 |
|
New Brunswick |
$135,631 |
$141,255 |
|
Quebec |
$202,395 |
$214,070 |
|
Ontario |
$291,807 |
$298,630 |
|
Manitoba |
$167,774 |
$190,354 |
|
Saskatchewan |
$182,920 |
$237,604 |
|
Alberta |
$371,817 |
$352,421 |
|
BC |
$446,481 |
$444,589 |
|
Northwest Territories |
$372,127 |
$272,779 |
|
Yukon |
$252,262 |
$228,023 |
National Average 07 – $309,885
National Average 08 – $302,298
Based on MLS® Statistics
As you can see from these numbers, Atlantic Canada’s average price continues to rise, none more so than Newfoundland. The average price there went up by 18.7%. Mainly due to the announcement of the Hebron Oil Deal. Here in Nova Scotia we saw a modest 5% increase. The surprising markets are out west which saw actual declines in average price. In Alberta we saw a 5.5% drop in average price. Price skyrocketed their way too fast and a correction needs to happen. Also in BC the average price fell slightly.
What does all this mean for the Halifax Real Estate market? Are market is still going strong. I am seeing a slight shift to a buyers market. Number of sales are down but the average price continues to rise. In the second quarter we saw a healthy 7.3% increase.
If you are looking to buy or sell Halifax Real Estate contact me anytime for a free market analysis.
Related Posts
- Bedford Hammonds Plains Market Report
- Nova Scotia Real Estate Market
Andrew Perkins
Your Halifax Real Estate Expert
