Canadian Housing Prices Saw The Sharpest Rise In 10 Years

Amid crucial political developments worldwide and the passage of federal measures intended to improve affordability, 2016 has proven to be a year of flux for the Canadian housing sector, as was most starkly illustrated by the latest information from the CREA.

In an analysis by the Better Dwelling blog, the national average price of Canadian composite homes saw a 14.4 per cent rise over the past year, up to $581,400. This represented the fastest pace of price growth in the previous 10 years, almost reaching the 2006 heights of 14.43 per cent.Continue reading