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Real estate in Canada: average resale prices, changes in new home prices

Have a look at this interactive map of real estate prices across Canada, which has been done each year since 2007. The stats are done is a way that I haven't seen before, but it does provide an interesting way of looking at trends in the market place. Normally I have a real problem with year over year pricing stats, primarily because the real estate market tends to be on a shorter cycle then a full calendar year, so you can't decipher if the trend is up or down. In other words, you could have a hot market in the Spring which goes up 20%, but a downward market through the rest of the year of -15%, so if you just looked at December's year over year, you get a positive +5%. If you were to just look at the +5% increase of year over year, you'd think that this is a positive thing, but in fact someone thinking of selling should act fast. With this interactive map, you can see how the year over year changes, giving you a trajectory of which way the housing market is going, solving the problem of just showing one moment in time.

If you have any questions, please don't hesitate to call or email me.


View the Map here.

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