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This Month in Real Estate PowerPoint for Canada - September 2010
1. Released: September 7, 2010 Commentary 2 The Numbers That Drive Real Estate 3 Special Reports 9 Topics for Home Buyers, Sellers, and Owners 11
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3. The Numbers That Drive Real Estate Home Sales 4 Home Price 5 Inventory 7 Mortgage Rates 8
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5. Home Price In Thousands Data released on August 15, 2010 Sources: The Conference Board, CREA, Royal Bank of Canada The national average home price slid 3.6% to $330,351 in June from a month earlier, but still remains 1.1% above year-ago levels. Now that home prices have fallen back in line with 30-year historic appreciation, economists and industry experts expect prices to increase at a slower rate as the market balances. Home Price - past 5 years Historical Appreciation Rate Home Price – previous year enlarged above
6. Home Prices by Province and Territory 10 out of 12 provinces and territories experienced an increase in home prices No Data NT $404K YT $284K BC $492K AB $355K SK $249K MB $219K ON $329K QC $251K NL $237K NS $99K NB $160K PE $145K Prices Increased Prices Decreased Home Price Direction (Year-Over-Year Change) National Average: $330,351
7. Inventory – Sales-to-New Listings Ratio Number of homes available for sale The new supply of homes continues to mirror the number of buyers in the market. This balance of supply and demand provides an environment suited for home price stability. The market is solidly back in balanced territory as seen by sales-to-new listings ratios close to 50% for the past four months. This is a good indicator for a sustainable housing market. June ’09-’10 June ’08-’09 Buyer’s Market Balanced Market Seller’s Market
11. Topics for Home Buyers, Sellers, and Owners Financial Fitness 12
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13. Your Local Market Although it is important to stay informed about what is going on in the national economy and housing market, many different factors impact the real estate market in your own area. Talk to your KW associate for assistance interpreting the conditions in your local market . KW associates are equipped with all the knowledge and information to help navigate you through the home-buying or selling process in any market.