Tight Market Conditions Keep Home Prices at Historic Highs

Author: External Author | Categories: First Time Home Buyer , Life Insurance Broker , Mortgage Agent , Mortgage Services , New to Canada Mortgage , Reverse Mortgage

Canada’s average home price remained at a historic high in November as housing inventory remains at historic lows.

The average sale price in the month was $603,000, 13.8% from a year earlier, according to data released by the Canadian Real Estate Association (CREA). Removing the high-priced markets of Toronto and Vancouver, the national average price was $481,000, up 19% from a year ago.

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

Article Written By:  Steve Huebl

Original Article Posted on:  December 17, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/12/tight-market-conditions-keep-home-sales-and-prices-at-historical-highs/

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