Here's what you can find for the average price of a home in Canada
CTV
CTVNews.ca compiled a series of active MLS listings in major cities across the country for a look at what might be attainable for the average price in Canada, and the results range from condo units to entire island properties.
While the data from November is expected in the coming days, the Canadian Real Estate Association reported last month that the average residential home price rose to $716,585 in October, up 18.2 per cent from October 2020. Excluding Vancouver, Toronto and their surrounding areas, the national housing average price drops more than $155,000.
Christopher Alexander, senior vice president of RE/MAX Canada, said 2021 has been busy in the real estate world, but expects something closer to normal in the coming year.
“I really think 2022 is going to be a good year,” he told CTVNews.ca in a recent phone interview. “I think people should not expect the crazy price appreciation that we saw in 2021 to continue. It's just not going to happen.”
Alexander cited slowly rising interest rates as a reason to expect a slowing housing market, but added that lack of supply may still drive prices into 2022.
