Everyone is wondering what is going to happen next in the housing market. The Canadian Real Estate Association recently published a report projecting that national home sales activity in Canada in 2010 will see an increase of over 13 per cent more activity this year compared to last. Since sales activity is expected to climb, if you are in the market to buy this year you might be interested in knowing what provinces are the least expensive to buy in.
Forecast for 2010: The top five least expensive provinces to buy a home
According to the report, which also forecasted the average price for residential homes in 2010, the top five least expensive provinces to buy a home in Canada in 2010 are expected to be:
- Prince Edward Island at $149,900
- New Brunswick at $159,400
- Nova Scotia at $200,900
- Manitoba at $210,300
- Newfoundland at $222,300
Based on these forecasts, each province will see an increase in prices compared to the average of the previous year:
- 2.6% in Prince Edward Island
- 2.9% in New Brunswick
- 2.1% in Nova Scotia
- 4.4% in Manitoba
- 7.7% in Newfoundland
Compare home insurance quotes to save money
No matter where you are looking to buy a home, it is an expensive endeavour. If you’re in the market to buy however you can save money on the homeowner's insurance you’ll need with a single visit to Kanetix.ca.
At Kanetix.ca you can get several quotes from competing home insurers all in one go, saving you not only time, but money as well. Compare home insurance quotes today.
Looking for more information on buying a home in Canada or home insurance?
Our articles and content cannot be reproduced or republished in any form whatsoever without prior written consent from Kanetix Ltd. Publication of our content is encouraged through our free: Content Publisher Programs. You are free to use our RSS feeds as long as the included links to our site remain active and the content is unaltered in any way. Click here to select the RSS feed(s) you wish to use.
Insurance Quotes
More
Print
