Canada's average home price rose $100K in 3 months – which markets are seeing prices drop?
in Canada has fallen year-over-year, new data from the Canadian Real Estate Association shows prices in most major cities have been rising on a monthly basis since January.
The surge in demand and low inventory has put sellers “back in the driver’s seat” in most major Canadian cities, according to aalso released Monday. Current demand-supply conditions have contributed to the latest price gains month-over-month, said CREA senior economist Shaun Cathcart in a press release.
Meanwhile, some cities are seeing declines in average home prices. These include Saskatoon and Trois-Rivieres, Que., as well as the province of Prince Edward Island.
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