The actual (not seasonally adjusted) national average sale price posted a 6.7% year-over-year increase in June. The MLS® Home Price Index (HPI) climbed 2% month-over-month but was still down 4.5% year-over-year.The number of newly listed properties rose 5.9% month-over-month.Actual (not seasonally adjusted) monthly activity came in 4.7% above June 2022.National home sales edged up 1.5% month-over-month in June.Key Points from the Canadian Housing Report As the summer and fall approaches, these professionals can provide valuable information and assistance tailored to the specific dynamics of the housing market in your region. If you are considering buying or selling a property in this evolving market, it is advisable to seek guidance from a trusted REALTOR® in your area. With increases in home sales, new listings, and prices, the market shows signs of stabilization and offers potential opportunities for both buyers and sellers. The Canadian Real Estate Association ( CREA) has recently released its statistics for May 2023, revealing promising trends in the national housing market. The increase in supply and the recent Bank of Canada rate hikes are expected to moderate price growth in the coming months, creating a more balanced and favorable environment for both buyers and sellers.ĪLSO READ: US Housing Market Predictions Canada Housing Market Trends 2023 With a modest increase in home sales, a recovery in new listings, and a positive trend in prices, the market appears to be finding its balance. The Canadian housing market's latest statistics indicate a promising shift towards stabilization. 45 Secret Websites & Ways to Make Money Online in 2023.21 Best Cities to Invest in Real Estate in 2023.Portland Housing Market: Prices, Trends, Forecast 2023.Nashville Housing Market: Prices, Trends, Forecast 2023.Texas Housing Market: Price, Trends, Predictions 2023.Housing Market Crash 2023: Will Real Estate Crash Again?.Knoxville Housing Market: Prices, Trends, Forecast 2023.Tulsa Housing Market: Prices, Trends, Forecast 2023.The Hottest Real Estate Markets of 2023.Boston Housing Market: Prices, Trends, Forecast 2023.Georgia Housing Market: Prices, Trends, Predictions 2023.Indianapolis Housing Market: Prices, Trends, Forecast 2023.Memphis Housing Market: Prices,Trends, Forecast 2023.Jacksonville Housing Market: Prices, Trends, Forecast 2023.Oklahoma City Housing Market: Prices, Trends, Forecast 2023.Charleston Housing Market: Prices, Trends, Forecast 2023.Scottsdale Housing Market: Prices, Trends, Forecast 2023.Asheville Housing Market: Prices, Trends, Forecast 2023.Idaho Housing Market: Prices, Trends, Forecast 2023.Santa Fe Housing Market: Prices, Trends, Forecast 2023.That seems like a big bargain considering how much money waterfront homes are typically listed on the market for in other parts of Canada, including Ontario and B.C. These cheap houses along the coast are on the market with asking prices from $220,000 to $699,000 and they're not even fixer-uppers. You might be wondering just how inexpensive some properties in Nova Scotia are being sold for right now. That's cheaper than a Toronto condo and these homes undoubtedly have better views than any place in the city! You can find so many houses for sale in Nova Scotia that are right on the ocean, with private beaches and breathtaking waters, and cost less than $700,000. While you might think oceanfront living is out of reach given how expensive Canada's housing market can be, there are stunning homes on the water that are also affordable.
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