Canadian Real Estate News Headlines (January 18th, 2019)

Hello everyone. How are you?

I provide you with Canada’s news headlines for real estate news for today. 

Canadian Real Estate Prices Post Largest Decline Since 1995

Canadian sales activity declined 11.1% in 2018, compared to a year before. The average price of a detached home dropped 4.9% to $472,000. This represents the largest slowdown since 1995 and the first time national prices have fallen since the depression in 2008.

The details can be found here. 

Average Canadian house cost $472K in December, down 4.9% in 2018

The average Canadian home sold in December cost $472,000, a figure that declined by almost five per cent in 2018.

The Canadian Real Estate Association also said Tuesday that the number of homes sold was down, too, to the lowest annual pace since 2012.

The details can be found here.

For sale: What $500,000 can get homebuyers across Canada

Half a million dollars might not get you very far in the Toronto or Vancouver housing markets – but in other parts of the country, it will let you snap up just about any property you want.

The details can be found here.