Average Canadian house price falls 10% in past year

Photographer:  Nathan Fertig

Photographer: Nathan Fertig


“The average price of a Canadian home sold last month was just over $491,000, a 10 per cent drop in the past year,” wrote Pete Evans for CBC News on April 13, 2018.

Evans continued, “The Canadian Real Estate Association said Friday that the number of homes sold also plunged, by almost a quarter from the same month a year ago, which was the best March for home sales on record.

The real estate group blamed recent mortgage rule changes for wreaking havoc on the market, creating feverish demand for starter homes, but making it much harder to move up.”

Read the full article here. 

Post a Comment


Subscribe to: Post Comments (RSS2)