In 2015, the real estate prices in Canada rose by 17% in comparison with 2014, the sales volume increased by 0.5%, while the average price of housing in January 2016 is $470 297, according to the portal of the organization professional Overseas Property Professional , citing data from the Canadian real Estate Association (CREA).
In January 2016, compared with December 2015 the volume of supply in Canada decreased by 4.9%. This affected markets in the region of the lower Mainland (British Columbia), calgary, Edmonton, greater Toronto, Hamilton-Burlington, Ottawa and Montreal.
CREA President Pauline Unger says: "If the proposal in these regions was not so limited, the January sales volume would reach great heights"
In 2015 compared with the figures of 2014 the largest price increase (+9,97%) was observed on the market of two-storey houses. Followed by one-storey family houses (+6,86%), townhomes (+of 6.46%) and apartments (+5,16%).
For Canada is characterized by large variations in price growth by region. Thus, in greater Vancouver housing prices have increased by 20,56% in the Fraser valley – 16,94%, in greater Toronto area on 10,69%. In Victoria the value of residential property increased by 7%, on Vancouver island, 5.5% in calgary by 3%, in Saskatoon at 2%, and in Regina – only 1%.
The average index of housing prices in Canada is growing due to high activity in the markets of greater Vancouver and greater Toronto, two of the most active and expensive real estate markets in the country. If you remove them from the General calculations, the average canadian housing price significantly reduced to $338 392, and the annual cost growth to 8%.
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