AT A GLANCE: HOUSING MARKETS ACROSS CANADA

BY THE NUMBERS

Below are the average residential selling prices in some smaller markets across the country at the end of this year’s first quarter, and in brackets the average year-end price outlook:

Whitehorse, Yukon: $511,400 (+3%) Kelowna, B.C.: $965,000 (+5%)

Red Deer, Alta.: $352,000 (+4%) Brandon, Man.: $284,400 (+4%) Oshawa, Ont.: $1.048 million (+15%) Carleton Place, Ont.: $675,000 (+15%)

Moncton, N.B. : $355,000 (+15%) Halifax: $577,300 (+19%) Summerside, P.E.I.: $300,000 (+5.5%)

Source: Re/max Canada

REGIONAL MARKETS

Atlantic Canada: Moncton, N.B., Charlottetown and Summerside, P.E.I., and Truro and Halifax, N.S., are all sitting in seller’s territory, with out-of-province buyers driving sales activity. Most buyers want detached homes with ample living space and, in some cases, on the waterfront. Ontario: Smaller markets have seen an influx of out-of-town buyers seeking affordable housing, larger living spaces and a close-knit community feel. Many, including Oshawa, Carleton Place and Arnprior, have the infrastructure and public transportation in place so workers can enjoy an easy commute to the city.

Western Canada: Small markets continue to favour sellers. Many are welcoming buyers from other regions and provinces — especially Ontario — with interest in single-detached homes. Over the past few months, those regions have seen stronger buyer confidence and less urgency to purchase a home, resulting in fewer bidding wars and perhaps signalling the market is beginning to settle. Territories: Whitehorse is a seller’s market. Condos and townhouses are seeing the most activity in terms of both sales and new construction, but supply can’t keep up with the demand and is driving up prices. Whitehorse has been a hot spot for new immigrants, with municipal programs in place to help them integrate into the community.