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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!

Sunday, February 19, 2017

5 highlights from CREA’s first release

The Canadian Real Estate Association released its first monthly housing performance report, and in it were a few noteworthy nuggets of interest.

Ontario has solid performance

Bolstered by Toronto’s read hot market, Ontario enjoyed the best performance of any market that sold more than 100 homes, with the average price jumping 19.8% year-over-year to $556,631 in January. (PEI had a larger average price increase of +26.5%).

York Region: Home to the country’s most expensive homes

York Region may be the country’s hottest market, with the average price jumping 29.3% to $1,040,512. A total of 975 homes were sold in January, up 5.9% year-over-year.

Vancouver continues its slide

The average home price was down 18.9% year-over-year in January, falling to $878,242 from last January’s mark of $1,083,177.

Sales were also down significantly, falling 39.7% year-over-year. A total of 1,553 homes exchanged hands.

Alberta holding strong

Despite a major decline in the average home price in Fort Mac, all other markets saw increases in average home prices, led by Lloydminster, which enjoyed a whopping 49.9% year-over-year average price jump.

Other markets experienced more modest hikes; notably Edmonton (+3.8%) and Calgary (+2.7%).

Housing to contribute less to economy

“Housing activity will not provide the boost to overall economic growth in 2017 that it did in 2015 and the first half of 2016, as first-time homebuyers will find it more difficult to qualify for a mortgage and credit availability is diminished by the disproportionate impact of the new regulations on nonbank lenders,” Dr. Sherry Cooper, Dominion Lending Centres chief economist, wrote in a research note following CREA’s release.

MBN

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