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Prospect of rising mortgage rates may prompt heightened buyer activity early in the year, according to Royal LePage forecast TORONTO, January 6, 2011 – The average price of a home in Canada increased between 3.9 and 4.6 per cent in the fourth quarter of 2010, compared to the previous year, as markets shrugged off a lackluster third quarter and returned to a post-recession growth profile. Home values are forecast to continue a moderate and steady climb in many of the country’s key housing markets through 2011 with sales activity skewed to the first half of the year, according to the
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Royal LePage Niagara Real Estate Centre reports a 9.8% increase in company sales units as of the 3rd Quarter of 2010 Royal LePage Niagara Real Estate Centre Brokerage has exceeded 2009 sales activity by 9.8% as of September 2010. The Niagara Association of Realtors reported a 9 month increase of 5.1% however the sales activity for the Month of September fell 15% compared to last year. Other major markets saw steeper declines in September with Toronto reporting a drop of 23%, Vancouver down 37.6% and Montreal down 13%. All areas are reporting a more balanced Market with Average sale prices
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Royal LePage Niagara Real Estate Centre reports a 27% increase in company sales units in the 1st half of 2010. Royal LePage Niagara Real Estate Centre Brokerage has exceeded 2009 sales activity by 27.2% for the first half of 2010. The Niagara Association of Realtors reported a 6 month increase of 21% however the sales activity for the Month of June fell 7% compared to last year. Other major markets saw steeper declines in June with Toronto reporting a dip of 23%. Residential MLS Reported Sales in Local Markets Area Unit Sales 2010 Increase over 2009 Fort Erie 226 6%
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