LeLe Real Estate
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Le Canada Real estate is focused on providing real estate information and help to all of Canada. Most understand that many markets have slowed down but, our markets average prices according to CREA (Canadian Real Estate Association) are still at good levels. We think that the reason for this is the low bank rate held by the Bank of Canada. The current mortgage rates are allowing sales to be relatively healthy and the balance of the new listings has helped as well.
Le Canada Real Estate is ready to work on getting you the information needed for you to sell your home or by your new dream home. We are watching the changes in the mortgage regulations as this we think may help down payment assistance for first time buyers on the sidelines are watching the data to make sure this doesn’t become a trend. At this time in April the market balance is at about 53% which looks at the number of sales to new listings, which at this time is still pointing to a seller’s market in most of Canada.
At this time the real estate market in Canada still remains healthy and so no matter what provinces you are looking for we are here to help in them all including Ontario, British Columbia, Quebec, Alberta, Manitoba, Newfoundland and Labrador, New Brunswick, Nova Scotia, Prince Edward Island, and Saskatchewan. Each market has its own trends on for the current market so understand that buying and selling in each market could be different.
As of April we saw year over year changes that were positive in all Provinces except down slightly in Prince Edward Island. British Columbia saw the highest increase in residential average sales price of up 16% over the past 12 months (This is high due to the large increase in multi-million property sales). If the current statistics hold up the market balance should continue to be a seller’s market into the foreseeable future. We at Le Canada Real Estate are ready to help you find the home of your dreams. We understand that buying a house is one of the largest purchases you make in your life, which is why we are ready to walk you through this process.
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