Own a home? You will love these new stats!
I wanted to share with you some new housing market statistics that may have impacted the value of your home:
- The Canadian Home Price Index in December was up 14.2% from last year
- That’s a 3.5% increase in average sale price year-over-year
- In December, the national average price for homes sold was $470,661
- The number of newly listed homes is down in about 60% of the country (this means way less competition if you do decide to sell soon)
According to these averages, it’s clear that our housing market is on the rise!
But as we know, averages can sometimes be deceiving and real estate is priced locally, not nationally.
Do you know if your home’s value has gone up or down in the last 12 months?
p.s. If you are planning to sell your property this year, click the button below, provide your address and phone number (or email - whichever you prefer) and let us provide you with an in-depth analysis!
NOTE: We will not share your information with anyone! All contact info remains confidential unless otherwise directed by you.