Resale house prices up almost 20% in January

Times Colonist- Resale housing prices in January were up almost 20% from a year ago, the Canadian Real Estate Association reported Wednesday.

The average national price rose 19.6% to $328,537 in January, compared with $274,711 a year ago, the national realtors’ association said. At its height, the average price rose to $341,079 in October 2009.

Home resales dipped 2.8% on a seasonally adjusted basis to 43,910 units in January, down from a record 45,154 units the previous month, but they are still up 58 per cent on an unadjusted basis from a year earlier, CREA said.

Ontario accounted for about half the decline. Activity was also lower in British Columbia, Alberta and Manitoba, but reached a new high in Quebec…

Resale house prices up almost 20% in January

Economy to grow 2.7% in 2010: report

 Times Colonist, Victoria, BC – The Canadian economy will begin to recover in the second half of 2009 — led by Atlantic Canada and Manitoba — but will still end the year with negative growth of 1.9%, according to the Conference Board of Canada…

Economy to grow 2.7% in 2010: report