TORONTO – Average prices for three common types of housing were up year-over-year in most Canadian markets in the first quarter, national real estate company Royal LePage said Thursday.
Royal LePage said the average price for a standard two-storey detached house was up 2.2 per cent in the January-March period compared with a year ago, while the national average price for detached bungalows rose 2.4 per cent.
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EDMONTON – A tighter supply of listings helped push up resale home prices in March compared to a year ago, says the Realtors Association of Edmonton.
In the Edmonton census metropolitan area, average residential sale prices — including single-detached, condos and row houses — for the month rose more than four per cent to $354,759 from $340,117 in March 2012.
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The inventory of homes for sale in Calgary hit its lowest March level in five years last month, hampering sales growth but setting the stage for a tempered sellers’ market this summer, according to the Calgary Real Estate Board.
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The housing numbers are all heading in the right direction. Home prices up, foreclosures down and, perhaps the most important, consumer confidence in housing swelling. Even as sales of new and existing homes bounce up and down month to month, the desire to buy is growing.
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TORONTO (Reuters) – A slowdown in Canada’s housing market will continue through 2013 and years of stagnation may follow, but no crash is likely because demographic trends will support demand in the medium term, a report by Scotiabank said on Monday.
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CALGARY, AB, Mar. 16, 2013/ Troy Media/ – One of the most expensive items anyone will ever purchase is their home. Compared to the prices for other goods and services Albertans purchase, new home prices have more than kept pace. But it’s worth taking a look back at price trends over the past 20 years to spot a surprising pattern.
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Residents in a northeast community aren’t soothed by the Calgary Drop-In Centre’s latest sales pitch to transform a former hotel into low-income housing for the centre’s homeless clients.
Officials with the Drop-In hosted an information session Monday evening at the former Quality Hotel, at Edmonton Trail and McKnight Boulevard N.E., to show off new plans for the housing project.
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CALGARY — New home prices in the Calgary region were on the rise in January.
Statistics Canada reported Thursday that its New Housing Price Index for the Calgary census metropolitan area was up 3.3 per cent from a year ago and it had also increased by 0.5 per cent from December.
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Canada Mortgage and Housing Corporation recently released their report on housing starts for February, and Lethbridge starts are on the rise
The city saw an increase in all areas. For February 2013, starts for single-detached homes were at 44, up from 33 the year before. All other housing starts had gone up from 8 to 12, for a total of 56 homes last month and 41 in February 2012.
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Calgary homebuilder Deep Shergill says the heartbeat of the housing industry has a direct link to the national economy.
The incoming national president of the Canadian Home Builders’ Association even compares it to a line by late General Motors chairman Charlie Wilson, who said: “What’s good for General Motors is good for America and vice versa.”
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