Tuesday, May 27, 2025
  • Login
Ambassador Newspaper
  • Home
  • Ambassador Newspaper
  • About Us
  • Contact Us
  • Life Style
    • Iraqi News
    • Technology
    • Articles
    • Health News
    • World News
    • Politics
    • كلمة العدد
    • Culture and art
    • أخبار العالم
    • منوعة
  • Lifestyle
    • Culture and Art
    • WORLD NEWS
    • Health
    • Iraqi News
    • Organization News
    • Canadian News
  • EN
  • AR
No Result
View All Result
  • Home
  • Ambassador Newspaper
  • About Us
  • Contact Us
  • Life Style
    • Iraqi News
    • Technology
    • Articles
    • Health News
    • World News
    • Politics
    • كلمة العدد
    • Culture and art
    • أخبار العالم
    • منوعة
  • Lifestyle
    • Culture and Art
    • WORLD NEWS
    • Health
    • Iraqi News
    • Organization News
    • Canadian News
  • EN
  • AR
No Result
View All Result
Ambassador Newspaper
No Result
View All Result
Home Blogs Canadian News

Average house price down by more than $170,000 since February

Duha Faris Al-Serdar by Duha Faris Al-Serdar
November 15, 2022
in Canadian News, Blogs
0
Average house price down by more than $170,000 since February
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Prices down by 10% since last year and by 20% since the peak in February

Canada’s housing market continued its slowdown last month, with the volume of home sales down by more than a third compared to the boom times of last year — and prices down by almost 10 per cent since then, too

The Canadian Real Estate Association, which represents Realtors, said in a release Tuesday that the national average selling price of a home that sold in October went for $644,643. That’s down by 9.9 per cent compared to the same month a year earlier, and down by even more from the peak of $816,720 in February 2022

That was before the Bank of Canada began its aggressive campaign of hiking interest rates to rein in inflation. The central bank has raised its benchmark rate a half dozen times since then, and the impact on the housing market has been dramatic

Average selling prices are down by more than 20 per cent since February, with declines seen in just about every market across the country

CREA says the average selling price can be misleading, however, since it is easily skewed by sales in big expensive markets like Toronto and Vancouver, so it trumpets a different figure, known as the House Price Index, as being a better gauge of the overall market

The HPI came in at $756,200 in October. That’s a decline of 1.2 per cent during the month, which CREA says is the smallest decline since June. But its also down by 8.2 per cent compared to what it was six months ago

Any way you slice the numbers, the data on Canada’s housing market shows one that is much cooler than it was previously, but CREA noted that it’s not hard to see evidence that things are changing directions again, too

October provided another month’s worth of data suggesting the slowdown in Canadian housing markets is winding up, CREA’s economist Shaun Cathcart said Sales actually popped up from September to October, and the decline in prices on a month-to-month basis got smaller for the fourth month in a row

CBC News 

Share this:

  • Facebook
  • X

Like this:

Like Loading...

Related

ShareTweetSend
Previous Post

كندا.. الحكومة الفيدرالية تفشل في إحراز تقدم في تمويل الرعاية الصحية

Next Post

كندا تقدّم 500 مليون دولار إضافية لأوكرانيا وتضيف 23 مسؤولاً روسياً إلى قائمة العقوبات

Duha Faris Al-Serdar

Duha Faris Al-Serdar

Next Post
كندا تقدّم 500 مليون دولار إضافية لأوكرانيا وتضيف 23 مسؤولاً روسياً إلى قائمة العقوبات

كندا تقدّم 500 مليون دولار إضافية لأوكرانيا وتضيف 23 مسؤولاً روسياً إلى قائمة العقوبات

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Recent Posts

  • زيارة الملك تشارلز الثالث والملكة كاميلا إلى أوتاوا لبدء جولة ملكية تاريخية في كندا
  • أفتتاح نصب تذكاري للمهاجر اللبناني في هاليفاكس
  • زيارة وفد الجمعيات الكلدانية إلى محافظ وينزر لتعزيز التعاون المجتمعي وبحضور السيد الاستاذ غسان فؤاد ساكا
  • أنعقاد مؤتمر القمة العربية في العاصمة بغداد
  • أجتماع مجموعة السبع في أوتاوا

Recent Comments

  • y on Why Switzerland built a 2-kilometer-long train
  • cropping on When it comes to their hair, Black women face a difficult choice
  • mentality on Trudeau announces more Russian sanctions, supports for Ukraine at Winnipeg congress
  • IBTISAM on بواليافر زعيماً جديداً للمحافظين وشاريه يدعو لرصّ الصفوف
  • Faris Al-Serdar on عمدة وندزور يكرم غسان ساكا

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • November 2021
  • October 2021
  • August 2021
  • July 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021

Categories

  • Canadian News
  • Culture and Art
  • Blogs
  • Health
  • Iraqi News
  • Lifestyle
  • Organization News
  • WORLD NEWS
  • أخبار العالم
  • ICGO News
  • اخبار العراق
  • اقتصاد
  • Canadian News
  • Politics
  • Technology
  • Culture and art
  • World News
  • Health News
  • Iraqi News
  • Uncategorized
  • كلمة العدد
  • Life Style
  • Articles
  • منوعة

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

SECTIONS

  • Canadian News
  • Culture and Art
  • Blogs
  • Health
  • Iraqi News
  • Lifestyle
  • Organization News
  • WORLD NEWS
  • أخبار العالم
  • ICGO News
  • اخبار العراق
  • اقتصاد
  • Canadian News
  • Politics
  • Technology
  • Culture and art
  • World News
  • Health News
  • Iraqi News
  • Uncategorized
  • كلمة العدد
  • Life Style
  • Articles
  • منوعة

KEY-WORDS

arabic Breaking News downtown mission Face Masks Free happines icgo Masks News الأستاذ الياس طبرة الاستاذ الياس طبرة رحمن خضيرعباس هادي المهدي
  • Home
  • Ambassador Newspaper
  • About Us
  • Contact Us
  • Life Style
  • Lifestyle
  • EN
  • AR

All rights reserved to Ambassador Newspaper ©2021

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Ambassador Newspaper
  • About Us
  • Contact Us
  • Life Style
    • Iraqi News
    • Technology
    • Articles
    • Health News
    • World News
    • Politics
    • كلمة العدد
    • Culture and art
    • أخبار العالم
    • منوعة
  • Lifestyle
    • Culture and Art
    • WORLD NEWS
    • Health
    • Iraqi News
    • Organization News
    • Canadian News
  • EN
  • AR

All rights reserved to Ambassador Newspaper ©2021

The Ambassador Newspaper uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d