Canadian real estate market shows improvement after slow summer

[Nicholas Wallwork]

The residential real estate market in Canada is showing signs of improvement after slowing noticeably over the summer months but it still a long way from the highs of late 2009, the latest market report shows.

Sales activity so far this year has eclipsed last year’s level in 11 of the country’s 19 largest real estate markets, according to the report from Re/Max. On average, prices have been moving lower since peaking earlier in the spring, but over a longer time frame, prices are up across the board, with five areas reporting double digit gains since the start of the year. Prices are up in all cities, with Vancouver, St. John’s, Sudbury, Winnipeg and the Toronto area all experiencing double digit jumps.

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[alyna]

Wow,

I'm so glad to have read this one.

This is so great!!