Daily Market Update

by REP16 Jan 2015
December sales down month over last
CREA says the number of sales of previously owned homes was down 5.8 per cent nationally in December compared with November, with almost two-thirds of all local housing markets showing declines.
Calgary and Edmonton were each down 25 per cent, while Regina saw a 12.3 per cent decline in December sales over November. Read the full story here. 

Target to close retail shops 
The closure of nine Target stores in Ottawa and the surrounding area will leave at least 1,000 people without jobs and open a large swath of prime retail space locally. Read the full story here

Canadian home prices rise 3.8% to $405,233 average in December
A month-to-month drop in existing home sales suggests a cooling real estate market in Canada’s oil-dependent provinces. According to the Canadian Real Estate Association, prices inched up an average 3.8 per cent on an annual basis to $405,233 in December. That represents the smallest increase since May 2013. Sales activity registered a stronger showing, up 7.9 per cent across the country and above the previous year's levels. Read full story here

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