Housing Market Activity?March 2011
By Benjamin Tal - April 15, 2011
Take Toronto and Vancouver out of the picture and you have a relatively subdued housing market in Canada. Most of the 4.5% increase in sales activity during the first quarter of the year was due to activity in those cities. In fact, when it come to prices, the near 9% year-over-year increase in the average national price will be much less impressive if you remove Vancouver from the calculations. Ex-Vancouver, national prices rose by just over 4% year-over-year in March.
