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Nationally Speaking: March 2018

Brenda Ellis

Brenda Ellis, most frequently known as Brell, is a partner, mom, grammie, friend and a REALTOR® you’ll want to connect with...

Brenda Ellis, most frequently known as Brell, is a partner, mom, grammie, friend and a REALTOR® you’ll want to connect with...

Oct 29 3 minutes read

This just in this morning , April 13, 2018 

Canada's real estate industry organization says the number of homes sold in March plunged 22.7 per cent and the national average price was down 10.4 per cent from the same month last year.

The Canadian Real Estate Association says the sales activity marked a four-year low for the month of March and was seven per cent below the 10-year average.

The national average price for all types of residential property was about $491,000, which was down 10.4 per cent from March of last year _ with the Vancouver and Toronto markets causing most of the drag.

Excluding Canada's two most expensive real estate markets, the national average price would be $383,000 _ a decline of two per cent from March 2017.

March had the third consecutive double-digit decline compared with the comparable months last year, when prices in the Greater Toronto Area soared to record highs.

CREA says activity was below year-ago levels in more than 80 per cent of all local markets, in all major urban centres except for Montreal and Ottawa, with the vast majority of year-over-year declines well into double digits.

For our  local March Reports:

North Okanagan Real Estate Report March , 2018

Based MLS® sales reported by REALTORS® on March 1 st -  31 st  New this month - we ...

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Central Okanagan Real Estate Report March 2018

Based on March 1 st -  31 st   This month we've added a new feature - a look at ...

Read More

 

Shuswap Residential Real Estate Report March, 2018

This month we've added a new feature - a look at our favourite key performance indicat...

Read More

 and a look at BC real estate:

Policy Induced Demand Slide Does Little to Impact Supply -Provincially Speaking

Vancouver, BC –  April 12, 2018 .  The British Columbia Real Estate Association...

Read More

 

Want to talk more about what the numbers mean to YOU?

The stats are wide - but the market is hyper-local and we are on top of those local niche markets.

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