Average home price will not revert to pre-pandemic levels this year
The Canada Mortgage and Housing Corp. says the average home price will not revert to pre-pandemic levels in 2023 because declines in prices will taper off soon and bottom out sometime this year. The federal housing agency is predicting home prices and sales will record year-over-year declines and […]
Average home price in Canada expected to drop 4.8% by end of 2023
The Canadian Real Estate Association (CREA) has indicated that they expect the average price of a home across Canada to decrease by 4.8% by the end of this year. This percentage decrease is compared to the average price of a home at the end of 2022. Based on the CREA’s […]