The latest release from the Canadian Real Estate Association (CREA) shows that property prices increased by 10.1 per cent nationwide compared as compared to last year, reports PropertyWire.com.
The sharp increase brought the national average price up to $406,372 for February, the release stated. CREA notes that the size of the annual average price gains is indicative of the decline in sales activity seen in February 2013 in some of Canada’s largest housing markets.
Meanwhile, the MLS Home Price Index saw a 5.05 per cent year-over-year jump in February, an increase over January’s 4.83 per cent climb.
In terms of growth within specific property classes, two-storey single-family homes led the way with a 5.84 per cent increase in price in February, followed closely by one-storey single-family homes at 5.4 per cent. Townhouses and terraced units rose 4.05 per cent, and apartments brought up the rear with a 3.74 per cent increase.
By WM
About Me
- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
No comments:
Post a Comment