December Caps off Blockbuster Year for Canadian Housing

Author: External Author | | Categories: Mortgage Agent , Mortgage Broker , Mortgage Services

Despite a global pandemic that ravaged the Canadian economy early in the year, the housing market came back with a roar and ended the year by shattering records in December.

The average home sale price in the month rose to $607,280, up 17.1% compared to December 2019, the Canadian Real Estate Association (CREA) reported on Friday. Removing the two highest-priced markets of Toronto and Vancouver, the national average price was $477,280, up nearly 19%.

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Original Article Source Credits:   CANADIAN MORTGAGE TRENDS ,

Article Written By:  Steve Huebl

Original Article Posted on:  January 15, 2021

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