Average Home Price Hits a Record $716,828. Is Another Policy Response Coming?

By External Author |

Canada’s average home price rose 31.6%—or $172,361—over the last 12 months, to yet another record-setting high in March.

The average national price now stands at $716,828, according to data from the Canadian Real Estate Association (CREA). Even without the high-priced markets of the Greater Toronto and Vancouver Areas, the average price still stands at $556,828, up 34.3% from last year.

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Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  April 15, 2021

Link to Original Article:  https://www.canadianmortgagetrends.com/2021/04/average-home-price-hits-a-record-716828-is-another-policy-response-coming/