Industry News

Canadian real estate markets set records in first-half ’06

Calgary, Edmonton lead sales activity

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Resale housing activity in Canada's major markets in the first half of 2006 set a new record for the first six months of any year, The Canadian Real Estate Association reported this week. Sales activity is on pace to set a new annual record this year despite expected softening in the second half of the year, the association reported. Actual unadjusted home sales via the multiple listing service in Canada's major markets totaled 186,177 units in the first half of 2006, a 3.6 percent rise over the previous record for first-half activity set in 2005. Sales activity was particularly strong in Calgary and Edmonton, the association reported, and new records for resale housing activity in the first six months of the year were set in those cities and Regina, Saskatoon, Winnipeg, London, Sudbury, Ottawa, Montreal and Quebec City. Seasonally adjusted MLS home sales in the second quarter of 2006 numbered 84,391 units – which represents a slight decline from the record levels posted over the...