Average Canadian house price hits $816,720 — up 20% in past year

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New listings are surging, Canadian Real Estate Association says 

The price of the average Canadian home hit $816,720 in February, its highest level on record, according to the Canadian Real Estate Association.The group, which represents 100,000 realtors across the country, said Tuesday that it was the second-busiest February ever for home selling, just behind the all-time high hit last year.

Some 58,209 homes changed hands during the month, and a surge in new listings in the latter half of the month suggests that momentum may carry over into strong sales in March, too.

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Original Article Source Credits: CBC, https://www.cbc.ca

Article Written By: CBC News

Original Article Posted on: Mar 15, 2022

Link to Original Article: https://www.cbc.ca/news/business/crea-housing-february-1.6385274