With all the bad news around, you would think that all the house prices, in all areas of Canada, are down substantially.
However, looking at this report by the Canadian Real Estate Association, house prices are still above the 2006 levels by a large margin in most areas of Canada.
The only area that shows lower levels in 2008 as compared to 2006 is in Northwest Territories.
Other areas are still up to 42% higher than 2006 levels.
The same is true when we look at the average house prices by cities.
Other than Victoria and Yellowknife most cities average house prices are still at higher levels than in 2006, by up to 45% in Regina and Saskatoon. So much for statistics. In general, and in spite the huge housing problems just South of us in the USA, Canadian house prices are not falling trough the floor.
