Major Cities Report
Victoria Real Estate Market Adapts to Changing Policy Landscape
A total of 545 properties sold in the Victoria Real Estate Board region this February, 19.3 per cent fewer than the 675 properties sold in February last year. The sales of condominiums were down 15.5 per cent from last year in February with 174 units sold. Single family homes were 24.4 per cent down from the year previous, with 260 sold this February.
Home Buyers Were Less Active in February
Metro Vancouver* home sales dipped below the long-term historical average in February.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,207 in February 2018, a nine per cent decrease from the 2,424 sales recorded in February 2017, and a 21.4 per cent increase compared to January 2018 when 1,818 homes sold.
Calgary Housing Market Prices Hold, but Sales Fall
Sales totaled 1.094 units in February, 18 per cent below last yearâ€™s activity. Easing sales occurred across all property types this month, which outpaced the sales growth that occurred in January. After the first two months of the year, sales activity remains well below longer-term averages.
Unit Sales and Average Prices Increase for Spring Market
Unit sales and average prices increased for the spring market compared to January 2018
Year over year single family homes unit sales decreased 4.21%, condo sales decreased 4.92% and duplex/rowhouses sales decreased 7.32%.
As We Move Further Into the Spring and Summer Months, Growth Increases and Selling Prices are Expected to Pick Up
Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORSÂ® reported 5,175 residential transactions through TREB’s MLSÂ® System in February 2018. This result was down 34.9 percent compared to the record 7,955 sales reported in February 2017.