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Price growth is running a little above 30% in New Brunswick (higher in Greater Moncton, a little lower in Fredericton and Saint John), while Newfoundland and Labrador is in the 10% variety on a year-over-year basis (a bit lower in St. John's). The MLS HPI provides the very best way to assess rate patterns since averages are strongly distorted by modifications in the mix of sales activity from one month to the next.
6% from the exact same month last year. The nationwide average rate is heavily affected by sales in Greater Vancouver and the GTA, two of Canada's most active and costly housing markets. Omitting these two markets from the estimation in July 2021 cuts around $132,000 from the nationwide typical cost. PLEASE NOTE: The information contained in this press release combines both significant market and nationwide sales information from MLS Systems from the previous month.
Analytical info contained in this report consists of all housing types. MLS Systems are co-operative marketing systems utilized only by Canada's property Boards to guarantee optimal direct exposure of properties listed for sale. The Canadian Property Association (CREA) is among Canada's biggest single-industry associations, representing more than 135,000 REAL ESTATE AGENTS overcoming 78 property boards and associations.
SOURCE Canadian Real Estate Association, For more information: Pierre Leduc, Media Relations, The Canadian Realty Association, Tel.: 613-237-7111 or 613-884-1460, E-mail: [email protected] Associated Links.
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