{"id":654,"date":"2016-01-17T11:11:08","date_gmt":"2016-01-17T19:11:08","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=654"},"modified":"2016-01-17T11:11:22","modified_gmt":"2016-01-17T19:11:22","slug":"canadian-home-sales-in-2015-nearly-break-all-time-sales-record","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/01\/canadian-home-sales-in-2015-nearly-break-all-time-sales-record\/","title":{"rendered":"Canadian Home Sales in 2015 Nearly Break All-Time Sales Record"},"content":{"rendered":"<p style=\"text-align: justify;\">2015 was the second-best year on record for home sales in Canada, according to the Canadian Real Estate Association (CREA).<\/p>\n<p style=\"text-align: justify;\">The number of homes changing hands nationwide last year increased 5.5% over 2014 on a seasonally adjusted basis, pushing activity to a level that was only 3% shy of 2007, the best ever year for home sales in Canada.<\/p>\n<p style=\"text-align: justify;\">In total, 506,334 residential transactions were recorded last year, and 479,986 homes were sold in 2014. Home sales equalled 521,804 through 2007.<\/p>\n<p style=\"text-align: justify;\">However, a lull in home sales across some Alberta and Ontario housing markets towards the end of 2015 dragged down the level of Canadian residential property transactions in December.<\/p>\n<p style=\"text-align: justify;\">\u201cMonthly sales declines in Calgary, Edmonton, the York Region of the Greater Toronto Area (GTA) and Hamilton-Burlington offset monthly activity gains recorded elsewhere,\u201d CREA said today.<\/p>\n<p style=\"text-align: justify;\">Nationwide, residential real estate transactions inched downwards by 0.6 per cent in the final month of 2015, compared to November.<\/p>\n<p style=\"text-align: justify;\">National inventory remained tight, with the country\u2019s unsold housing stock sitting at a level high enough to feed December\u2019s rate of demand for 5.4 months, close to a six-year low.<\/p>\n<p style=\"text-align: justify;\">The average unadjusted sale price for a Canadian home reached $454,342 in December, up 12% from a year before.<\/p>\n<p style=\"text-align: justify;\">Take the Greater Vancouver and Greater Toronto Area out of the equation, and the national price average falls to $336,994, or a 5.4 year-over-year increase.<\/p>\n<p style=\"text-align: justify;\">\u201cThe national average price continues to be pulled upward by sales activity in Greater Vancouver and Greater Toronto, which are among Canada\u2019s most active and expensive housing markets,\u201d said CREA.<\/p>\n<p style=\"text-align: justify;\">In Greater Vancouver, the average price was $760,900 as of last month, 18.87% higher than it was by the end of 2014, and 1.12% up from November.<\/p>\n<p style=\"text-align: justify;\">Meanwhile, the average price of a GTA home was $573,500, a 10.01% jump up from December 2014 and 0.21% above November\u2019s average.<\/p>\n<p style=\"text-align: justify;\">\u201cThe [national] gain reflects a tug of war between strong average price gains in housing markets around the GTA and the Lower Mainland of British Columbia versus flat or declining prices elsewhere in Canada.\u201d<\/p>\n<p><a href=\"http:\/\/news.buzzbuzzhome.com\/2016\/01\/canadian-home-sales-2015-nearly-record.html\" target=\"_blank\">Canadian Home Sales in 2015 Nearly Break All-Time Sales Record<\/a> by Josh Sherman | Buzz Buzz Home<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2015 was the second-best year on record for home sales in Canada, according to the Canadian Real Estate Association (CREA). The number of homes changing hands nationwide last year increased &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2016\/01\/canadian-home-sales-in-2015-nearly-break-all-time-sales-record\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-654","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canadian Home Sales in 2015 Nearly Break All-Time Sales Record &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2016\/01\/canadian-home-sales-in-2015-nearly-break-all-time-sales-record\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Canadian Home Sales in 2015 Nearly Break All-Time Sales Record &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"2015 was the second-best year on record for home sales in Canada, according to the Canadian Real Estate Association (CREA). 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