15 October 2019

“The sales activity and prices are improving following a weak period in a number of real estate markets,”- noted Gregory Klump, CREA’s chief. “How long we may enjoy today’s recovery depends on the economic growth, restrained now by trade and business investment vulnerability.”

The national average home price rose by 5.3% from a year ago and reached $515,500 last month.

In case we exclude the Greater Vancouver and Greater Toronto from calculation, the average price will show a 3.3% annual increase almost to $397,000.