From west to east, a look at projected house price gains across Canada
The Globe and Mail
Published Thursday, Oct. 30 2014, 10:52 AM EDT
Last updated Thursday, Oct. 30 2014, 2:54 PM EDT
Home sales, prices to rise
Canada Mortgage and Housing Corp. has released a new report with everything you could possibly want to know about projected sales and prices across the country, forecasting a “steady” showing nationwide next year, followed by “some moderation” in 2016.
Housing starts in Canada, it predicted today, will range next year from 172,800 to 204,000, and in 2016 from 168,000 to 205,800.
Resales next year will come in between 457,000 and 507,300, and in 2016 between 448,000 and 508,000.
Prices are particularly interesting.
Average prices this year, which, of course, differ widely across Canada, are expected to range from $401,600 to $405,400, which means a so-called point forecast of $404,800.
Next year, according to CMHC, prices will be between $403,600 and $417,800, for an increase in the point measure to $410,600.
Then in 2016, expect prices to range between $407,300 and $424,500, or a point forecast of $417,300.
West to east, here’s what CMHC forecasts in terms of average prices:
- British Columbia: Average resale price to rise to $566,300 in 2015 and $573,000 in 2016.
- Alberta: Average to rise to $407,800 and $417,500.
- Saskatchewan: Average to rise to $303,000 and $309,300.
- Manitoba: Average to rise to $272,600 and $278,800.
- Ontario: Average to rise to $435,900 and $443,800.
- Quebec: Average to rise $270,800 and $276,600.
- New Brunswick: Average to dip to $161,500 and $161,000.
- Nova Scotia: Average to rise to $216,000 and $217,000.
- Prince Edward Island: Average to slip to $157,000 in both years.
- Newfoundland and Labrador: Average to rise to $294,000 and $298,000.
These findings, of course, mask the wide ranges from city to city, which CMHC also looked at.
For example, the average in Calgary, forecast to jump 5 per cent this year to $459,000, should rise further, to $472,000 in 2015 and $483,000 a year later.
On average, emissions from wind and nuclear are similar within the accuracy of the study for all emissions except GHG emissions, where wind produces distinctly less GHG emissions on average than the combination of nuclear technologies considered.
CROP REPORT FOR THE PERIOD OCTOBER 21 TO 27, 2014
Released on October 30, 2014
DETAILED REPORT IS AT Crop Report Backgrounder
Harvest is nearly complete with 99 per cent of the 2014 crop off the field, according to Saskatchewan Agriculture’s Weekly Crop Report.
The southwestern, west-central, northeastern and northwestern areas are 99 per cent complete, while the southeastern and east-central areas are reporting 98 per cent complete. There are still some flax, soybean, chickpea and oat crops left to be combined when the weather improves.
Precipitation was received in most regions last week, with some areas reporting an inch or more. Snowfall was also received in some areas on Monday. Across the province, topsoil moisture conditions on cropland are rated as 13 per cent surplus, 81 per cent adequate, five per cent short and one per cent very short. Hay land and pasture topsoil moisture is rated as six per cent surplus, 87 per cent adequate, six per cent short and one per cent very short.
Farmers are busy wrapping up harvest as weather allows, moving cattle, working fields and completing fall work.
Follow the 2014 Crop Report on Twitter at @SKAgriculture.
For more information, contact:
Shannon Friesen Agriculture Moose Jaw Phone: 306-694-3592