December Caps off Blockbuster Year for Canadian Housing
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%.
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: January 15, 2021
Link to Original Article: https://www.canadianmortgagetrends.com/2021/01/december-caps-off-blockbuster-year-for-canadian-housing/