Top 5 Canadian Communities with Surging Home Sales in 2023
by enStyle Homes on February 7, 2024
Tillsonburg, Ontario: This quiet town of almost 20,000 people had the highest year-over-year home sales growth in Canada, by far, according to stats compiled by the Canadian Real Estate Association (CREA). Sales growth reached a staggering 11.8% in 2023. Tillsonburg is located about an hour’s drive from London, Ontario, and offers a more affordable alternative to the bigger city. It’s also home to several manufacturing plants, which has helped to create a stable job market.
Northeastern Alberta: This region, consisting of Cold Lake, and a collection of smaller towns, rural areas, and “summer villages,” saw home sales growth of 2.2% in 2023. Northeastern Alberta is a popular destination for people looking for affordable housing and an enviable lifestyle. The region is home to many lakes and forests, and offers plenty of opportunities for outdoor activities.
Brandon, Manitoba: Brandon is the second-largest city in Manitoba, with a population of around 50,000 people. Home sales in Brandon grew by 1.3% in 2023. The city is a regional hub for healthcare, education, and government services, and has a relatively affordable housing market.
Prince Albert, Saskatchewan: Prince Albert is the third-largest city in Saskatchewan, with a population of around 35,000 people. Home sales in Prince Albert grew by 1.1% in 2023. The city is located on the North Saskatchewan River, and is surrounded by forests and lakes. It’s also home to a pulp mill and a paper mill, which provide employment for many residents.
Southern Georgian Bay: This area, which includes Wasaga Beach, Clearview, Collingwood, the Blue Mountains, Meaford, and Grey Highlands, is known as cottage country due to its proximity to water and ski hills. Home sales in Southern Georgian Bay grew by 0.8% in 2023. Like most vacation regions, it saw a huge spike in sales during the pandemic. However, unlike most of those regions, it hasn’t seen as much of a drop.
It’s important to note that these are just a few examples, and the real estate market can vary greatly from one community to another. If you’re considering buying or selling a home in Canada, it’s important to do your research and consult with a real estate professional.
Choosing the right realtor in Canada is a decision that can significantly impact your real estate journey. By considering key factors such as experience, negotiation skills, specialization, track record, and client testimonials, you can make an informed choice. Simran Jhand, Owner at Enstyle Homes Ltd. with his extensive experience and demonstrated success, exemplifies the qualities of an exceptional realtor who can guide you through the complexities of the Canadian real estate market. Whether you’re buying, selling, or investing, partnering with a skilled professional like Simran Jhand can make all the difference in achieving your real estate goals.
Contact: SIMRAN JHAND
Phone: +1 780-278-2778
Mail: enstylehomes@gmail.com
Location: Enstyle Homes Ltd, 4107 – 99 Street NW, Edmonton,
Alberta, Canada.
