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 2011 will see a decrease of 1.6 per cent more activity this year compared to last. While sales activity is expected to decrease, what about the cost to buy a home?
Forecast for 2011: The top five most expensive provinces to buy a home
According to the report, which also forecast the average price for residential homes in 2011, the top five most expensive provinces to buy a home in Canada will be:
- British Columbia - $520,400
- Alberta - $347,300
- Ontario - $344,400
- Quebec - $262,700
- Saskatchewan - $245,300
Based on these forecasts, each province will see an average change in prices of:
- 3.0% in British Columbia
- -1.4% in Alberta
- 1.3% in Ontario
- 5.6% in Quebec
- 1.3% in Saskatchewan
Compare home insurance quotes to save money
There's no doubt about it, buying a home is an expensive endeavour; whether you live in one of the top 5 most expensive provinces or not. If you're in the market to buy however you can save money on the home insurance you'll need with a single visit to Kanetix.ca.
Through Kanetix.ca's online quote comparison service you can get several quotes from competing home insurance companies all in one go; so not only will you save time getting your home insurance, but money as well.
Looking for more information on buying a home in Canada or home insurance?
Check out the following Kanetix® home insurance articles:
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