Summary
In May, the average sale price for a home in Canada was $319,757, up from $318,391 one year ago. In Manitoba, the average sale price rose from $203,671 in May 2008 to $204,276 in May 2009. That's despite the fact that the Canadian economy has taken a sharp downturn and we've hit a recession in the last 12 months.
"Sales activity is now closer to the pre-recession peak than it is to the recent low point reached last January," says Dale Ripplinger, president of CREA. "Strengthening consumer confidence, low interest rates and improved affordability are drawing buyers to the housing market across Canada.""Fueled by a string of monthly increases in activity, the number of transactions in May reached the highest point since July 2008," said Gregory Klump, CREA's chief economist.See the full content of this document
Extract
Average Monthly Sales Price Hits Record
Recession ... what recession?
Real-estate sales across the country set a new record last month when the national MLS average sale price reached the hi...See the full content of this document
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