Vancouver Skews National Resale Average

OTTAWA –According to statistics released by The Canadian Real Estate Association (CREA), the majority of local housing markets across Canada are well balanced, but not all. Within a province or local market, the balance between resale housing supply and demand can vary widely and evolve quickly. Throughout the first quarter of 2011, the national average price was skewed higher by strong activity in a few pricey areas of Greater Vancouver.