Tag: residential real estate market
RAHB realtors release April 2022 market statistics
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,298 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in April 2022.
- Sales were down by 20.7% month over month, and down by 31.3% compared to April 2021.
- There were 2,451 new listings in April, which was down 3.6% month over month, and compared to April 2021, there was a decrease of 7%.
- The average sale price for residential properties across the RAHB market area was $1,013,081, which was down 5.6% over the previous month, and up 18.2% compared to April 2021.
- The inventory of listings increased to 1.2 months of inventory in April compared to 0.7 months in March. READ MORE >>
Priced out of Ontario, homebuyers turn their eyes to the Calgary real estate market
By Amanda Stephenson
The Canadian Press, April 20, 2022
CALGARY — As Ontario’s sizzling real estate market puts home ownership out of reach for many Canadians, a growing number of prospective buyers are looking west in hopes of achieving their white-picket-fence dreams.
Like newlyweds Vineet Mrug and Kushbu Mistry, who relocated to Calgary from their hometown of Toronto last year, some residents of the GTA and other hot Ontario markets are moving to Alberta for what they believe is their last opportunity to own an affordable piece of real estate in a large Canadian city. READ MORE >>