- Sales are now above their 10-year average in seasonally adjusted terms
- The national average transaction price was up 8.1 per cent year over year, though this measure has been skewed higher by the unusual fact that the five most expensive markets in the country experienced the five biggest year-over-year sales increases last month
- Regionally, the big event has been the snap-back in sales activity in Vancouver – sales are now up a massive 53.1 per cent year over year.
- “Even with that nifty recovery, Canada-wide sales for all of 2013 look on track to dip slightly from last year’s level,” stated Doug Porter, Chief Economist, BMO Capital Markets. “Only six of the 26 cities reported sales increases for the first 8 months of the year – including Vancouver – led by a 10.5 per cent rise in Calgary.”
- 68 per cent of Canadian home owners say they are aware of their home’s market value within a few thousand dollars, four-in-ten (38 per cent) feel their home is worth more
- First Time Buyers: Report shows first-time buyers more likely to enter a bidding war than the average buyer