Average Canadian house price rose 14% in year up to July, CREA says

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Canada's housing market came roaring back in a big way in July, smashing the record for the most homes sold during the month, and average prices rising 14 per cent from where they were a year ago.

The Canadian Real Estate Association (CREA), which represents 130,000 realtors across Canada, said Monday that 62,355 Canadian resale homes were sold via the Multiple Listings Service, shattering the previous record for most sales in a month.

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Original Article Source Credits: CBC News , https://www.cbc.ca/

Article Written By: Pete Evans 

Original Article Posted on: Aug 17, 2020 

Link to Original Article:  https://www.cbc.ca/news/business/house-prices-numbers-july-1.5689129