Habitation in Canada continues to become cheaper
5 May 2009According to the last data, presented by national bank Teranet, in February, 2009, prices for habitation in Canada have decreased. The greatest recession has occurred in Calgary, Vancouver and Toronto.
Prices decrease the third month successively. In comparison with February, 2008, falling has made 4,1 %, with January, 2009, – 2 %.
In Calgary prices for houses have fallen on 8,1 % in comparison with last year, in Vancouver decrease has made 6,4 %, in Toronto – 5 %. In Montreal the habitation has risen in price for 3,2 % in annual calculation.
Experts mark that now Canadian real estate market has turned into “the market of the buyer”. Within the last 5 years market prices have been dictated by sellers.
