After a steady diet of bad news, the Canadian real estate market got some favourable stats to chew on last month.
The Canadian Real Estate Association reported that April home sales across the country were up 11.2 per cent from March, on a seasonally adjusted bases. That marked the biggest jump in five years and the third consecutive month that both residential sales and their average price had increased.
This positive trend is one that Derek Austin, president of the Central Alberta Realtors Association, has observed locally.
“There are more things selling, more interest and more inquiries, more people going to the banks trying to get pre-qualified,” the owner of Innisfail’s Century 21 Your Realty said recently.
“There’s more confidence out there as to the future.”
In April, the number of homes sold through the Multiple Listing Service in Central Alberta numbered 341 — the highest figure since last fall.
Even on a seasonally adjusted basis, residential sales have climbed sharply since December, said the Central Alberta Realtors Association.
The 2009 numbers are still down from the corresponding months in 2008, but the gap is narrowing, said the association. April’s sales figure was 25 per cent lower than the 456 homes sold in April 2008, but four months earlier, the year-over-year difference was 40 per cent.
Canada Mortgage and Housing Corp. isn’t declaring the real estate slowdown over, however.
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3 comments:
The number of sales in the Greater Toronto Area was up by 0.27% in May when compared to the May of last year. We're getting there but it's rough. I reckon, few more months and we'll be at all time high for the last five years for sure.
Take care, Elli
It's good to hear that things are moving. Money's still cheap and rent isn't getting any cheaper, so I hope people take advantage of the good deals.
This is a positive news for both real estate market and the home seekers.
Boise real estate
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