Canada housing market
That is just the overall Canadian average. Locations like Toronto and Vancouver, where wealth is greater, brought in even higher gains for homes for sale.
It was reported earlier this year that the prices of single-family homes in Toronto are rising by approximately $550 per day. The cost of condominiums is going up $79 a day.
Currently, the Calgary housing market is improving, but that’s not the case everywhere. Depending on where you live, your home may be dropping in value.
CREA housing numbers for June 2016
Refer to the following list of figures sorted by city of residence, to determine if your house or condo has gained value or lost money over the past year:
Greater Toronto area gain: $107,362
- Average house price: $746,546, increase of 16.8 percent
Greater Vancouver area gain: $103,881
- Average house price: $1.026 million, increase 11.3 percent
Montreal metro area gain: $12,317
- Average house price: $353,535, increase of 3.6 percent
Halifax-Dartmouth gain: $8,212
- Average house price: 290,421, increase 2.9 percent
Calgary real estate
Calgary gain: $752
- Average house price: $466,717, increase 0.2 percent
Edmonton loss: -$1,257
- Average house price: $374,365, decrease 0.3 percent
Ottawa loss: -$5,287
- Average house price: $378,389, decrease 1.4 percent
Calgary condo market
In addition, the latest stats for Calgary show that the condo market is currently flourishing with consistent price growth and increasing sales activity. The number of listings is up and the amount of days on the market has come down, reflecting a boost in demand.