Canada’s housing market is off to a solid start this fall, with new data pointing to a near-11 percent rise in sales for September compared to a year ago.
Country wide, sales for all property types rose 10.6 percent to 42,151 units, led by significant increases in British Columbia, Saskatchewan, New Brunswick and Prince Edward Island. New listings rose eight per cent due to growth in the Maritime provinces, and the average price increased almost six percent, to $408,795.
While Calgary experienced the greatest rise in sales, up 31.2 percent to 488 units sold in September, the average price rose 8.8 percent to $318,913. In terms of prices, Vancouver experienced the greatest rise, up 11.3 percent to $476,498. Here 1,191 condos were sold during the month of September.
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