Average house price in Canada jumps to 15%

The average price of a Canadian home hit $508,567 in March, a jump of 15.7 per cent compared to the same month a year earlier.

Realtor group the Canadian Real Estate Association said the volume of homes sold set an all-time record, as some 45,137 houses were sold via the realtor group's Multiple Listings Service.

Sales activity rose 12.2 per cent from one year ago and set a new record for the month. March is typically popular for home sales as the weather warms up, but this year's figure came in 14.2 per cent above the 10-year average for the month.

Read More....http://www.cbc.ca/news/business/crea-house-prices-march-1.3537143

Nina Paluch

Nina Paluch

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