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Cost development is running a little above 30% in New Brunswick (greater in Greater Moncton, a little lower in Fredericton and Saint John), while Newfoundland and Labrador remains in the 10% range on a year-over-year basis (a bit lower in St. John's). The MLS HPI offers the best way to assess rate patterns because averages are highly distorted by modifications in the mix of sales activity from one month to the next.
6% from the very same month in 2015. The nationwide typical rate is heavily affected by sales in Greater Vancouver and the GTA, 2 of Canada's most active and costly housing markets. Excluding these two markets from the estimation in July 2021 cuts around $132,000 from the national typical price. PLEASE KEEP IN MIND: The details included in this press release combines both significant market and national sales info from MLS Systems from the previous month.
Statistical details included in this report consists of all housing types. MLS Systems are co-operative marketing systems used only by Canada's property Boards to ensure optimal exposure of properties noted for sale. eXp® (CREA) is one of Canada's largest single-industry associations, representing more than 135,000 REALTORS overcoming 78 real estate boards and associations.
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SOURCE Canadian Realty Association, For additional info: Pierre Leduc, Media Relations, The Canadian Realty Association, Tel.: 613-237-7111 or 613-884-1460, E-mail: [email protected] Associated Hyperlinks.
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