Home Sales down in Toronto, Calgary & Edmonton In October 2010

Nov. 5, 2010 - PRLog -- Toronto, Calgary & Edmonton  home sales down In October 2010

Calgary |November 5th,2010 |www.WorldWealthBuilders.com|

Being a professional Real Estate Investor, one should remain a informed investor rather than a pure speculator,gambler.Some of the rookie investors they are unable to handle the downturn and loosing every single penny they have.They were misinformed about that every boom busts and when market is busted,there are lot of casualties which mean bankruptcies.

Existing home sales in the Toronto area were down by 21 per cent in October compared with last year, according to figures released by the Toronto Real Estate Board Wednesday.

The board reported 6,681 sales last month, down from the 8,476 sales reported in October of 2009.


For the first 10 months of the year sales are up – but only just – by one per cent from the same time period in 2009.

The average price of a home was $443,729, up 5 per cent compared to the average of $423,559 reported last October.In the city of Toronto selling prices were higher at $491,157.In the rest of the GTA prices averaged $410,529.


Calgary home sales drop, as do prices and that’s good news for those seeking to buy a home, and not so good news for those trying to sell one in calgary.

The average price for a single-family home was $444,744 in October, 3% lower than the previous month and 4% below prices one year ago.Condo prices, too, took a slight hit, decreasing by 1% to $287,793 in October, but remained relatively unchanged from year ago levels.


Edmonton-area home sales dip, prices stay stable and transactions drop 29.6% from one year ago

The residential average price in October was $317,422, down about three per cent from the same month in 2009.

Single-family dwellings sold on average for $365,691, down only 0.39 per cent year-over-year. On a median basis, the single-home price for October fell by 1.43 per cent year-over-year to $345,000.

Condo average prices are also on par from a year ago dropping 0.91 per cent to $235,893 in October.

Total residential inventory was 7,689 properties at the end of October, compared with 8,602 in September as listings slowed.

Make sure that you are hiring the professionals and getting advice from more than one place before investing in Real Estate.

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