Nationally Speaking: March 2018
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 ...
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 ...
Shuswap Residential Real Estate Report March, 2018
This month we've added a new feature - a look at our favourite key performance indicat...
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...