With a busy winter season, Canada’s real estate market is likely to be more active than it’s been in some time.
On Monday, the real estate website Trulia released its latest market report, tracking the number of homes sold, and a number of factors, including sales activity and the market’s expected price growth, are likely to influence sales.
“In the past few months, many of the major cities in Canada’s core are selling at prices well below where they were a few months ago,” the report reads.
“These results are in line with what we expect.
In Vancouver and Toronto, the average home sale price is below $100,000, and are expected to drop below $90,000 next year.”
The city’s median home sale Price: $120,000 (average home price: $190,000)