Each month, The Canadian Real Estate Association compiles the statistics of existing homes and properties sold.
The average price of a house sold in July in Canada was $302,298, a drop of almost $7,000 over the last 12 months. However, industry insiders are still predicting the average price of a home will rise 5.3 percent in 2008 and a further 4.2 percent next year. Price gains are predicted to become smaller as the resale housing market becomes more balanced.
The market is forecast to remain tightest in Saskatchewan and Manitoba, where demand for houses is the strongest in Canada, and as a result price increases are expected to be biggest in these provinces.
House Prices In Canada
July 2008
| Province | House Price $ | 12 Month % change |
| Nova Scotia | 192,160 | 5.4 |
| Prince Edward Island | 145,852 | 6.0 |
| New Brunswick | 147,091 | 10.4 |
| Newfoundland & Labrador | 181,269 | 18.7 |
| Quebec | 214,070 | 5.8 |
| Ontario | 298,630 | 2.3 |
| Manitoba | 190,354 | 2.3 |
| Saskatchewan | 237,604 | 29.9 |
| Alberta | 352,421 | -5.2 |
| British Columbia | 444,589 | -0.4 |
| Northwest Territories | 272,779 | -26.7 |
| Yukon | 228,033 | -9.6 |
29 Sep 2008