According to the latest data compiled by Canadian Real Estate, the national average price of homes fell byfor the fifth straight month in Canada. Association (CREA).
The average price of all residential properties in Canada he fell to $629,971 in July, down from the all-time high of $816,620 recorded in February. (Both figures are not seasonally adjusted.)
Most Canadian real estate commissions and associations confirmed a decline in average residential real estate prices, although some Regions that maintain the lowest prices for , continue to do so. said Shaun Cathcart, CREA's senior economist and director of housing data and market analysis.
"Where it was always affordable is still affordable," he told CTV News in a telephone interview on Tuesday. told ca. “The farther away from the major cities … [in] such central parts of the country, you will undoubtedly find the most affordable housing prices.”
Saguenay, Quai, NJ Regions such as Saint John and Trois-Rivieres, Quai. set record for Canada's most affordable home prices in July. Cathcart also noted that rural areas of states such as New Brunswick, Quebec, Ontario and Saskatchewan have lower average home prices than the rest of the country.
Additionally, activity in these areas remains relatively high, he said. Due to more affordable housing prices, markets in these areas are less sensitive to rising interest rates than some of Canada's more expensive markets, such as the Greater Toronto and Vancouver areas.
The chart shows the regions with the lowest median home prices in Canada, all below the national median home price of $629,971. (Canadian Real Estate Association)"Sea sales did not receive a memo because they are much more affordable," he said, Mr Cathcart. "Activity remains above average in Quebec, Maritime and Prairie."
Inflation remains high, particularly in Canada due to falling average home pricesCTVNews. Ca said housing could move to more affordable locations currently on the market in the most affordable neighborhoods across Canada.
Saguenay, QUE.
(Marc-André Desbiens, via Capital Saguenay/Lac Saint-Jean)Type: House
Price: $249,000
Year: 1988
Lot size: 301.7 square meters
This house on a plot of 301 sqm is located in Saguenay, Island of Que. Features 3 bedrooms and 2 bathroomsThe kitchen has black granite countertops and bright white cabinets. Several exposed brick walls line the home, and there is also a fully finished basement. There is a separate garage behind the property and a deck in the backyard.
St. John, N. B.
(Studio Royale / William Tarr, Royal LePage Atlantic)Type: House
Price: $220,000
Year: 1976
Property Size: 209 square meters
Lot size: 426.98 sqm
This 4 bedroom, 2 bathroom home is a short drive from uptown St. John, NJ comprising the main floor It has a dining and living room and a large eat-in kitchen with a new stove and dishwater. The upper floor has a sizable master bedroom and a newly renovated bathroom. The finished basement can be used as a family room, office or gym.
Trois Riviere, Que.
(Versom VR / Jimmy Lemay, Groupe Sutton - Alliance Inc.)Type: House
Price: $249,900
Year: 1919
Site area: 137.52 square meters
Plot size: 212 sqm
Built in 1919, this semi-detached house combines wooden floors with internal brick walls. In addition to five bedrooms and one bathroom, the home also has a spacious common area with a wood-burning fireplace on the main floor. The entrance of the house has a veranda and the backyard area is surrounded by greenery. The house is within walking distance from the city center and the main amenities of Quai Trois Riviere.
Newfoundland and Labrador
(Tyler Oxford/Reagan Dilney, Re/Max Real Estate Specialist)Type: Townhouse
Price: $285,000
Year: 1967
Property size: 137.5 sq. m
Parcel size: 0. Less than 2 hectares
St. John's, N. L. Located near Lake Quidi Vidi, this end unit townhouse has 3 bedrooms and he 2 bathrooms. An open concept living and dining area with large windows and a propane fireplace is located on the main floor. The upper level contains a storage room, bathroom, and three bedrooms, with plenty of space to act as a TV room and office in return. The backyard has a deck, storage and an inflatable hot tub.
Thunder Bay, Ontario.
(Dan Garrity Media / Cathy Hunt, Royal LePage Lannon Realty)Type: House
Price: $329,900
Year: 1910-1920
Property Size: 142.14 sqm
Plot size: 0. Less than 2 hectares
3 bedrooms and 2 bathrooms plus Thunder Bay, Ontario. The home also has a contemporarykitchen that leads to a large sunroomwith ample space to serve as an additional living room, and from the sunroom a fully fenced backyard and You can also enjoy the view of the patio. The combined living room and dining room inside has a wood-burning fireplace and a walkout basement completes the home.
REGINA
(Ryan Spanier, OverWatch Solutions / Aideen Zareh, Royal LePage Regina Realty)Type: House
Price: $249,900
Year: 1969
Property Size: 80.64 square meters. m
Lot size: 290. 41 sqm
This updated bungalow has3 bedrooms, 2 bathrooms and a finished basement There ison the main level with laminate floors throughout and large windows that allow natural light into the home. The open concept floor plan blends the living room with dining and kitchen areas with ample cabinet and counter space. The backyard has a large patio and the house itself is a short drive from downtown Regina.
Saskatoon
(David Oh, Darioso Photography / Lacy Watson, Coldwell Banker Signature)Type: House
Price: $349,900
Year: 1945
Size: 94.76 sq. m
Lot size: 526. 76 sq m
With spacious front and back yards, this Saskatoon home is surrounded by greenery. is included. The backyard has a fairly large deck with garden boxes full of trees and flowers.Inside, hardwood floors span the living and dining areas, and a stone-clad wood fireplace creates a cozy atmosphere. The kitchen has stainless steel appliances and a tile backsplash, while the top floor has three bedrooms and an updated three-piece bathroom.
Quebec City
(Manon Delore / Alexandre Leblanc-Côté via Capital Select)Type: Apartment
Price: $396,000
Year: 1928
Property Size: 101 .2 sq. m
Lot Size: N/A
This apartment in Quebec City is located on the ground floor of the newly renovated building. , featuring new insulation, doors and windows. The unit has 3 bedrooms and 1 bathroom with an open concept living, dining and kitchen area with white walls throughout. Nearby are the Quartier Blebouf National Historic Site and the St He Charles River.
WINNIPEG
(Scott Zielke / Marcia Bergen, Royal LePage Prime Real Estate)Type: House
Price: $329,900
Year: 1910
Site area: 101.64 square meters
Lot Size: 290. 32
This 3 bedroom, 1 bathroom house in the Lord Roberts neighborhood of Winnipeg features: It has many upgrades. Recently renovated. These include a new kitchen, updated floors on the main level, and new bathrooms with oversized soaking tubs. The main floor has a dining kitchen and a large sunroom that can be used as an office space. Completing the home is the basement and large backyard with deck.
Edmonton
(Darlene Strang, Re/Max Real Estate (Edmonton))Type: Apartment
Price: $399,924
Year: 2019
Site area: 49.8 square meters
Lot size: N/A
Built in 2019, this condo suite has 1 bedroom and 1 bathroomand There is a study. The kitchen has white cabinets and quartz countertops that extend to create a breakfast bar. Units also have balconies with views of downtown Edmonton. Residents have access to the building's rooftop patio, as well as facilities such as the spa and pool.
