Finance

Residence costs fall 5.5% in weakest January for gross sales since 2015

OTTAWA – The Canadian Actual Property Affiliation says January was the weakest month for residential gross sales since 2015. The variety of transactions fell four% nationally in comparison with final 12 months. offered by the Inter-Company Service in January, in contrast with 24,977 a 12 months earlier.

In response to the CREA, the common nationwide value of all forms of residential property offered in January was $ 455,000, down 5.5% from the identical month in 2018 – the most important decline in all residential properties. 12 months after month since Could 2018

The MLS housing value index, which takes under consideration various kinds of property, elevated by zero.eight% year-on-year, the smallest enhance since June 2018.

In Metro Vancouver, the worth index decreased by about four, 5% from one 12 months to the following, nevertheless it elevated four.2% in Victoria and 9.three% in comparison with a 12 months in the past on Vancouver Island.

T The index for the Larger Toronto Space elevated 2.7% and 6.three% for the Montreal metropolitan space, however decreased in Regina (minus three.eight%) ), Saskatoon (minus 2.zero), Calgary (minus three.9) and Edmonton (minus 2.9).

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