STAY CONNECTED: Have the stories that matter most delivered every night to your email inbox. Subscribe to our daily local news wrap.

Home sales up in Grande Prairie as sales fall across Canada

Oct 15, 2018 | 7:51 AM

Home sales are up year over year in Grande Prairie.

Brent North, Chair of the Grande Prairie and Area Association of Realtors says it is still a buyers market

“So last month we sold a total of 273 units in Grande Prairie and that was an increase of 14.7 per cent from August of 2017.”

He says vacancy rates right now are hovering around the two per cent mark.

“We are one of the hot spots in Alberta, if not Canada right now that people are looking at for jobs and looking for affordable housing in there Grande Prairie area as well.”

North says Grande Prairie is coming out of the downturn with a six-month inventory and will soon be in a balanced market. 

The Canadian Real Estate Association says home sales in September fell 0.4 per cent compared with August.

The association says it was the first month-over-month decline since April.

Sales fell in slightly more than half of all local markets, led by Vancouver Island and Edmonton, along with several markets in Ontario’s Greater Golden Horseshoe region.

The move lower came as home sales compared with a year ago fell 8.9 per cent.

The national average price for a home sold in September was just under $487,000, up 0.2 per cent compared with a year ago.

Excluding the Greater Toronto Area and Greater Vancouver Area, the average price was just over $383,000.
 

var addthis_product = “wpp-5.0.6”;
var wp_product_version = “wpp-5.0.6”;
var wp_blog_version = “4.8.1”;
var addthis_plugin_info = {“cms_name”:”WordPress”,”cms_version”:”4.8.1″,”plugin_name”:”AddThis Sharing Buttons”,”plugin_version”:”5.0.6″,”plugin_mode”:”WordPress”};
if (typeof(addthis_config) == “undefined”) {
var addthis_config = {“ui_atversion”:300,”data_track_clickback”:true,”services_exclude”:”favorites,mailto”,”services_expanded”:”facebook,flipboard,google_plusone_share,linkedin,reddit,pinterest_share,tumblr,twitter,email,print”,”ignore_server_config”:true};
}
if (typeof(addthis_share) == “undefined”) {

}