Tight Market Conditions Keep Home Prices at Historic Highs
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/