Canadian real estate sales are back to booming, and they’re pushing prices higher. Canadian Real Estate Association (CREA) data shows the price of a home in Canada hit a new high in October. Price growth was much stronger in Ontario and Quebec, with Western Canada still dragging.
Canadian Real Estate Prices
The industry’s aggregate price index is still climbing across Canada. The benchmark price is $633,600 for October, up 0.64% from the month before. This represents a 1.77% increase compared to the same month last year. That puts the aggregate benchmark price at a new all-time high, although growth is slower than last year.
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