Canada’s average home price fell 2.5 per cent in March from February and sales dropped 5.4 per cent, as the red hot housing market showed signs of cooling off, according to data from the Canadian Real Estate Association on Tuesday.
The national average selling price dipped to $796,000 from $816,720 in February, though it was up 11.2 per cent on the year. CREA’s home price index was up 1 per cent on the month and 27.1 per cent annually, edging back from last month’s record gains. Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.
Long way to go yet. Anyone buying at these prices is foolish.
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