Industry News

2005 a record year for Canadian real estate

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Sales of existing homes in Canada's major markets set new annual records in 2005, according to statistics released by The Canadian Real Estate Association. Annual sales via the Multiple Listing Service in Canada's major markets totaled 336,071 units in 2005. Led by Vancouver and Calgary, the number of transactions rose 4.7 percent over the previous annual record set in 2004. It was also the seventh consecutive year in which major-market unit sales surpassed all previous annual records. New annual sales records were set in a number of major markets in 2005, including Vancouver, Calgary, Edmonton, Winnipeg, Toronto, Hamilton, Kitchener, Montreal, Quebec City, Saint John and St. John's. Seasonally adjusted home sales via MLS in Canada's major markets totaled 27,919 units in December 2005, a decline of 2.3 percent compared to the previous month. By contrast, Montreal posted a significant monthly increase in sales, while seasonally adjusted sales reached the highest level for any month on ...