Active housing market across Canada

A report from the Canadian Real Estate Association suggests a steady positive growth trend for Real estate in Canada.

During last month the price for residential real estate in Canada crept higher and the level of sales activity increased or remained steady in 50per cent of local markets. According to CREA national activity registered at almost 12 per cent higher than the same month in 2011.

For the second month running the largest monthly activity gains were recorded in Calgary and Toronto, lesser gains were noted in Edmonton, Montreal and Winnipeg whereas the markets were less busy in several other cities including Ottawa, Quebec City and Vancouver.

On a national basis the number of months of inventory remained the same as the previous month – around 5.6 months which would seem to confirm a fairly well balanced market.

By the end of last month the number of homes sold so far during 2012 reach just over 157,800 which is more than 6 per cent higher on the sdame time last year.