In: Real Estate News14 Jan 2011
The Canadian Real Estate Association just released their 2010 Real Estate Stats. Here are some of the highlights:
447,010 homes sold in Canada in 2010. This was down by 3.9% from 2009.
The average home price in Canada rose by 5.8% in 2010 to $339,030.
Here are similar real estate statistics for Canadian Major Markets for 2010:
Toronto: In 2010 there were 86,170 homes sold, which is down by 1% compared to 87,308 sold in 2009. The average price for a home in the Greater Toronto Area in 2010 was $431,463. This was up by 9% compared to 2009 when the average home selling price was $395,460.
Montreal: In 2010 there were 42,347 homes sold, which is up by 1% compared to 2009. The average price for a home in the Greater Montreal Area in 2010 increased by approximately 8%. Average prices were $252,000 for a detached, and $210,000 for a condo in Montreal.
Calgary: In 2010 there were 20,996 homes sold, which is down by 15.6% compared to homes sold in 2009. The average price for a home in Calgary in 2010 was $398,764. This was up by 3.3% compared to 2009.
Vancouver: In 2010 there were 30,595 homes sold, which is down by 14.2% compared to 35,669 homes sold in 2009. The average price for a home in the Greater Vancouver Area in 2010 was $577,808. This was up by 2.7% compared to 2009.
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