Categorized | Housing Bubble

Canada’s Housing Bubble Price Statistics: April 2013

Here are the latest price statistics for Canada’s housing market. Price statistics refer to the updated numbers for the month of March 2013. Generally mixed readings of small gains in prices were seen in all sectors and regions for the month of march.

canada housing bubble stats march 2013

The aggregate price for all sectors and major regions in Canada gained in March 2013 to $455,700, reaching their all time new highs. However, as mentioned in last month’s statistics, home prices broke through short-term upward trend that started in January 2008, and this is still the case for this month. Short term downward correction may still continue. Longer term upward trend lines are still intact. All data was taken from the MLS Home Price Index.

canadian housing sales to inventory april 2013

Source: MLS

Inventory decreased slightly to 6.5 months from 6.7 in February 2013, and sales to new listing ratio remained marginally unchanged. Nevertheless, the trend of inventories (green line in picture above) continues to be sloped upward while the trend of sales to new listing ratio (orange line in picture above) continues to be sloped downward. Indicating continued downward pressure in prices could be expected.

Every month I publish an update on these real-estate statistics to get an in-depth view of the current trends in the Canadian housing market. If you would like to receive an automatic update sent to your email with these statistics, subscribe to the site’s newsletter feed on the right hand side of the page. This post is by no -means financial advice


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