Inman News (subscription) reports that the Canadian Real Estate Association ’s national multiple listing service in November rose to the fourth highest seasonally adjusted monthly level on record.


Vacation Home – Village of Chester
…Inman goes on to say “A seasonally adjusted total of 41,724 homes traded hands in November, representing a gain of 1.6 percent compared to the previous month. Higher activity in Alberta and Ontario more than offset fewer sales in British Columbia and Quebec, the association reported.”

…The CREA Report says “Sales activity set new records for the month of November on a national basis and in … Nova Scotia and Newfoundland. Year-to-date, actual (unadjusted) sales increased compared to the same period in 2004 in … Nova Scotia.”

In addition, Dollar volume set a new monthly record in … Nova Scotia, and reached its highest level ever for the month of November in every other province except Prince Edward Island.

The national MLS residential average price hit $219,060 in November, shattering all previous monthly records, the association reported.

…MLS residential average price reached its highest monthly level on record in Alberta, Ontario and Quebec, and set new records for the month of November in every other province except Newfoundland, the association announced.”

INMAN REAL ESTATE NEWS – REPORTS RECORD PACE FOR CANADIAN HOME SALES


Village of Chester – Overlooking the Harbour
Inman News (subscription) reports that the Canadian Real Estate Association ’s national multiple listing service in November rose to the fourth highest seasonally adjusted monthly level on record. With sales activity looking to set a new annual record for 2005.

Inman goes on to say “A seasonally adjusted total of 41,724 homes traded hands in November, representing a gain of 1.6 percent compared to the previous month. Higher activity in Alberta and Ontario more than offset fewer sales in British Columbia and Quebec, the association reported.” With “Year-to-date, transactions were running 4.9 percent ahead of levels recorded during the first 11 months of last year.”

The CREA Report says “Sales activity set new records for the month of November on a national basis and in … Nova Scotia and Newfoundland. Year-to-date, actual (unadjusted) sales increased compared to the same period in 2004 in … Nova Scotia.”

In addition, Dollar volume set a new monthly record in … Nova Scotia, and reached its highest level ever for the month of November in every other province except Prince Edward Island.


On the Front Harbour – Village of Chester
The national MLS residential average price hit $219,060 in November, shattering all previous monthly records, the association reported.

Here is hard evidence that our real estate is appreciating. Inman reports, “Average home prices rose 11 percent compared to the same month in 2004. November was also the sixth consecutive month in which year-over-year price growth exceeded 10 percent. MLS residential average price reached its highest monthly level on record in Alberta, Ontario and Quebec, and set new records for the month of November in every other province except Newfoundland, the association announced.”

The report includes all housing types. MLS data is available from the Conference Board of Canada.

~Edited for content~ Dec 23, 2005

~ Original Copyright 2005 Inman News on quoted content.