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Money Average Canadian house price hit $504,350 last month, up 11% in past year

17:45  14 february  2020
17:45  14 february  2020 Source:   cbc.ca

'This is not a good sign': Toronto housing price surge resembles sky-high gains of 2016

  'This is not a good sign': Toronto housing price surge resembles sky-high gains of 2016 'This is not a good sign': Toronto housing price surge resembles sky-high gains of 2016“It’s looking more and more like early-2016 all over again. This is not a good sign,” wrote RBC senior economist Robert Hogue.

The average price of a home in Canada hit another all-time high in October, rising 7.1 per cent over the past year to just short of 0,000. The average house price hit 9,699. The Canadian Real Estate Association said Monday the increase came as sales last month climbed 0.7 per cent

Canadian house prices continue to march higher, with the average price of one sold in April hitting 9,317 — an increase of more than 10 per cent in a year . The Canadian Real Estate Association said Monday there were 7.5 per cent fewer sales in April than there were the same month a year

a red and white sign in front of a building: Last month was the best January for home sales in Canada in a dozen years, CREA says. © Larry Downing/Reuters Last month was the best January for home sales in Canada in a dozen years, CREA says.

The average price of a Canadian home eclipsed $500,000 last month and it was the best January for sales in a dozen years, new data from the Canadian Real Estate Association showed Friday.

The group that represents realtors said in a release on Friday that the average price of a Canadian home that sold in January was $504,350. That's an increase of 11.2 per cent from the same month a year earlier.

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  First net-zero energy home sits empty as builder struggles to find buyers The general manager of MCL Construction Ltd, says it should be easy for a northern country like Canada to get into the kind of home that is so efficient it makes more energy than it uses.Brad McLaughlin is beginning to wonder if reducing residential greenhouse gases is really a priority in this country.

The Canadian Real Estate Association said Tuesday the average price of a home was 1,143 last month . If hot markets in Toronto and Vancouver are stripped out of the calculation, house prices have actually dropped in the past year , with the average price outside those two cities now 2,280

The average price of a Canadian home declined by more than 11 per cent in the 12 months up to April, the Canadian Real Estate Association said Tuesday. The realtor group said the number of sales plunged by 13.9 per cent compared with the previous year 's level, and fell to the lowest April showing

January is not typically a big month for home selling, as cold weather keeps would-be buyers indoors. So while the number of homes sold in January was slightly lower than it was in December, the sales volume was enough to make it the strongest January for house sales since 2008. More than 27,000 homes changed owners during the month, and two-thirds of all markets saw an increase in activity, CREA says.

On the price side, the average selling price went up by its biggest annual pace in almost four years. But the national average is still skewed by feverish activity in two of Canada's biggest and most expensive housing markets — Toronto and Vancouver.

If those two cities are stripped out, CREA says the average Canadian home outside those two markets was worth $395,000 during the month.

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Canadian oil producers prepared for temporary price slump as virus spreads .
OTTAWA — Canada's energy industry is not overly alarmed as the new coronavirus coming out of China is taking a bite out of world oil prices. Oil prices began dropping in mid-January when the first confirmed death from the virus in China was reported. On Jan. 23, investment firm Goldman Sachs warned that demand for oil could drop by 260,000 barrels a day, mostly due to lower demand for jet fuel as the virus slows global travel. "There are someOil prices began dropping in mid-January when the first confirmed death from the virus in China was reported. On Jan. 23, investment firm Goldman Sachs warned that demand for oil could drop by 260,000 barrels a day, mostly due to lower demand for jet fuel as the virus slows global travel.

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