Saturday Dec 18th, 2021


House prices in Canada climbed by more than 25% in November compared with the same month in 2020, with that record year-over-year increase spurred by lack of supply and continuing low interest rates.

New data released by the Canadian Real Estate Association (CREA) showed that the average price of a resale home hit $720,850 last month, shattering the previous record high set back in March.

Sales also saw a month-over-month increase, rising by 0.6%, with prices across the country spiking by 2.7% in November compared to the month before. # SANDI HALPERN # SOLD # LEASED # HOUSING MARKET # RECORD SALES

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