While Canadian Real Estate Association’s average transaction price has hit all time high of $331,602, the more accurate Teranet-National Bank House Price Index shows only modest gains with prices still down over last year…
(Source: The Gazette)
If you’re a homeowner, the past six months or so have been reassuring. Last winter’s nationwide collapse in home prices has not only eased, but by some measures completely disappeared.
That’s great news if you might want to sell any time soon. Of course, it’s not such great news if you’d like to buy.
Read the full article by Jay Bryan, “Housing bubble possible, not likely” in the Gazette (Oct 29, 2009).