The Canadian housing market recovers





17.12.2010 18:00
Real Estate Market Analysis | The Canadian housing market recovers To such conclusion experts of National Association of Residential Property (CREA). The housing market grew sales. The average house price in Canada in November rose 2% year on year and amounted to 344.3 thousand Canadian dollars.

According to CREA, sales in the market grew by 19% compared to July of this year. In this month's sale of residential property reached its lowest level in a year.

In November, sales of housing in most parts of Canada grew relative to October. So, in Montreal, grew by 8.2%, 11.3% in Vancouver. In this case, the Association stressed that we are talking about the seasonal growth in the volume of the housing market. If we compare the figures in November 2010 to November 2009, in November of this year, a decline of 9.5%. However, the Association did not consider this a negative indicator: an analysis of data for November 2008 and earlier years allows the experts to conclude that stabilization of the market.

Georges Pahud (Georges Pahud), president of the Association, drew attention to the fact that growth has been uneven in different regions of the country, and encourages potential buyers take this into account when studying the performance of the housing market.
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Content tags: Overseas property Housing
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