With active listings down 33 per cent year over year and new listings falling by 29 per cent over the same period, sales in the province plummeted by 32 per cent in July. Prices, however, shot up across much of the province.Article content
There’s still a lot of value on offer in Alberta. The median price in Calgary was only $438,000 in July. In the province’s six other real estate boards, it was under $393,000.Article content In Manitoba, Winnipeg’s real estate activity typically tells the provincial story. Sales in the capital were down 12 per cent in July, but are up 36 per cent year to date versus the same period last year. At $395,576, the average detached sale price in Winnipeg was 7 per cent higher than it was a year ago.
Prices are ballooning in Nova Scotia, too. The benchmark price in Halifax-Dartmouth for July, $452,285, was 23 per cent higher than it was a year ago. The situation is even more intense in the remote Annapolis Valley, where the benchmark price rose by 35.5 per cent to $293,503. Cape Breton, Yarmouth and the South Shore, not exactly Canada’s most densely populated areas, all saw benchmark prices increase by between 18.2 per cent and 27.1 per cent year over year.