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GTA REALTORS® reported 4,996 home sales through TRREB’s MLS® System in September 2024 – up by 8.5 per cent compared to 4,606 sales reported in September 2023. New listings entered into the MLS® System amounted to 18,089 – up by an even greater 10.5 per cent year-over-year. On a seasonally adjusted basis, September sales increased on a ...
Oct 7, 2024 · Edmonton Housing Market Report. The average price of a home in the Edmonton area for September 2024, $440,366, is 1.2% higher than August 2024, a 12% yearly increase. Benchmark prices grow 7.6% annually to reach 406.4k. Detached home average prices increased 12% year-over-year and 1.2% month-over-month to $552,684.
The Canadian Real Estate Association compiles the monthly statistics of existing homes and properties sold through the Multiple Listing Service®. This map displays the latest statistics for major markets and provinces across Canada, based on the MLS® reports provided by real estate Boards. View Price Map.
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- National Overview
- 2021 in Review: Largest National Increase Since 1989
- Outlook: New Home Prices Projected to Continue Rising in The First Half 2022
- Contact Information
In December, new home prices for Canada grew (+0.2%) at their slowest pace since June 2020. Nationally, new home prices rose 11.6% year over year in December. Prices were up in 16 of the 27 census metropolitan areas (CMAs) surveyed, unchanged in 10 and down in 1 from November to December.
Nationally, new home prices were up 10.3% in 2021 compared with 2020 (+2.1%)—the largest annual increase since 1989. Prices for new homes grew at a faster pace from January to June 2021 (+7.1%) compared with the second half of the year (+3.1%).
The Bank of Canada has "committed to holding the policy interest rate at the effective lower bound until economic slack is absorbed so that the 2 percent inflation target is sustainably achieved. In the Bank's October projection, this happens sometime in the middle quarters of 2022." As interest rates have yet to move up, it is expected that new ho...
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Jan 16, 2023 · National home sales are forecast to rise by 10.2% to 546,625 units in 2024 as markets continue to return to normal. This would still be below the 2020 and 2021 figures. The national average home price is forecast to recover by a moderate 3.5% from 2023 to 2024 to around $685,056, below 2022 but back on par with 2021.
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The number of new listings in 2023 was 142,233, down 8.63 per cent compared to 2022. The average selling price for all home types in 2023 was $1,126,604, representing a 5.4 per cent decline compared to 2022. As more prospective buyers were faced with higher mortgage rates, home selling prices edged lower. $1,126,604.
