Rate development is running a little above 30% in New Brunswick (higher in Greater Moncton, a little lower in Fredericton and Saint John), while Newfoundland and Labrador is in the 10% range on a year-over-year basis (a bit lower in St. John's). The MLS HPI supplies the very best way to determine rate trends due to the fact that averages are highly distorted by modifications in the mix of sales activity from one month to the next.
6% from the exact same month in 2015. Additional Info is heavily influenced by sales in Greater Vancouver and the GTA, 2 of Canada's most active and costly housing markets. Omitting these 2 markets from the calculation in July 2021 cuts around $132,000 from the national average rate. PLEASE NOTE: The details included in this press release integrates both significant market and nationwide sales information from MLS Systems from the previous month.
Statistical details contained in this report includes all real estate types. MLS Systems are co-operative marketing systems used just by Canada's property Boards to ensure maximum direct exposure of homes noted for sale. The Canadian Genuine Estate Association (CREA) is one of Canada's biggest single-industry associations, representing more than 135,000 REAL ESTATE AGENTS resolving 78 realty boards and associations.
SOURCE Canadian Realty Association, For additional info: Pierre Leduc, Media Relations, The Canadian Real Estate Association, Tel.: 613-237-7111 or 613-884-1460, E-mail: [email secured] Associated Links.
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