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. While sales activity is expected to climb, is the cost to buy a home on the rise too?
Forecast for 2010: The top five most expensive provinces to buy a home
According to the report, which also forecast the average price for residential homes in 2010, the top five most expensive provinces to buy a home in Canada in 2010 will be:
- British Columbia - $485,500
- Alberta - $357,300
- Ontario - $332,700
- Saskatchewan - $242,500
- Quebec - $240,500
Based on these forecasts, each province will see an increase in prices compared to the average of the previous year:
- 4.2% in British Columbia
- 4.7% in Alberta
- 4.5% in Ontario
- 3.8% in Saskatchewan
- 6.7% in Quebec
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?
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