, released May 15, showed the month-over-month gain from March brought the average non-adjusted price to $716,000, up more than $100,000 from January but still 3.9 per cent below the level of April 2022. The MLS Price Index is also up a more modest five per cent from January.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
“I think it’s going to transfer over from that compositional growth in the average and it’s going to shift into actual prices of individual homes now going up as more buyers re-enter the market, which is still very much under supplied,” he said.
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