February 27, 2011
Real Estate Market Remains Balanced
Did you know the Canadian Real Estate Association (CREA) recently reported the national average price in January was $343,675, little changed from the previous three months. On a seasonally adjusted basis, new listings rose 3.9% for the largest monthly gain since March 2010. “Because sales activity and new supply rose in tandem in January, the national resale housing market remained balanced. The national sales-to-new listings ratio, a measure of market balance, stood at 55.7 per cent in January, 2011, which is little changed from the previous two months,” CREA stated.
