ICYMI: Where is the best value in Canada for real estate? — via financialpost FPAnswers Canada realestate
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Canadian real estate has soared in value since 2020, with the pandemic, low interest rates and fear of missing out propelling home prices to record levels and pricing many potential home buyers out of the market.home sales fell by 5.6 per cent in June from the month before, the national average home price was only down 1.8 per cent to $665,580 from the same month last year, despite rising interest rates and tighter borrowing conditions today.
The Saguenay, Que., region tops the list for most affordable housing, with an average home price of $267,353 and annual price growth of 6.6 per cent from last June. Newfoundland and Labrador, where the average regional home price is $280,200 with an annual growth of 10.8 per cent , came second. Saint John, N.B., holds third spot, with an average home cost of $294,900 and an annual growth rate of 30.1 per cent.
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