canada real estate posts

According to CREA (the Canadian Real Estate Association), housing sales were down 3.1% from April to May 2012. But compared to a year ago, actual sales were up 9%. So it's a strong market though the national average home price is actually down 0.3% on a year-over-year basis in May. Easing sales activity and a small uptick in new listings resulted in a more balanced national housing market.

Click on the photo below to see where home prices rose the most.

Canada Average House Prices
May 2012: $375,810
May 2011: 376,815
Change from May 2011: -0.3%
Source: CREA

SLIDESHOW: MOST EXPENSIVE PLACES TO LIVE IN CANADA

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Every month WalletPop searches the MLS listings for attractive homes at a reasonable cost. We've limited our picks to homes selling for less than $400K for a survey of homes that most people can afford. The average home price was $360,396 in November across Canada, and many of the properties we highlight are even less than that. With mortgage rates at record lows, there's no better time to go house hunting and lock in at a low rate.

Have a look and see if anything surprises you this month.

CLICK ON PHOTO TO LAUNCH GALLERY

Every month WalletPop searches the MLS listings for attractive homes at a reasonable cost. We've limited our picks to homes selling for less than $400K for a survey of homes that most people can afford. The average home price was $360,396 in November across Canada, and many of the properties we highlight are even less than that (ie. a condo in Edmonton condo for $270K and a Winnipeg fixer upper for $199K).

Have a look and see if anything surprises you this month.

CLICK ON PHOTO TO LAUNCH GALLERY

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