Mortgage Rates & Mortgage Broker News in Canada |
| Average House Prices Rise Back Above $700k as Inventory Falls Posted: 15 Nov 2021 02:11 PM PST Home prices continued to rise in October as housing inventory fell back to its all-time low recorded earlier in the year. The average selling price in October was $716,585, up 18.2% year-over-year and 4.4% from September’s reading of $686,650, according to the Canadian Real Estate Association’s latest monthly report. Removing the high-priced markets of the Greater Toronto and Vancouver areas, the average price stands at $561,585, up 17% year-over-year. There were 57,077 home sales in October, down 11.5% from a […] |
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